VENEZUELA: Debt yields drop
November 16, 2005
BY ALEX KENNEDY, Bloomberg News
CARACAS - Venezuelan debt yields fell in an auction Tuesday, making it cheaper for the government to fund a surge in spending.
With inflation at 16 percent, an 8 percent yield is already low, Diran Sarkissian, president of Stanford Bank in Venezuela, said in an interview. ``But we're looking at more government spending next year and more liquidity so rates still probably have some room to fall.