Venezuela Defaulted Bonds Near 4-Month High on Trump Oil Deal, Restructuring Hopes

Venezuelan defaulted sovereign and PDVSA bond prices have risen to near four-month highs following a reported oil deal involving the Trump administration, fueling market expectations of a potential debt restructuring. The rally reflects speculative positioning ahead of any formal restructuring framework, which remains uncertain. The development signals improved market sentiment toward Venezuelan assets but hinges on the specifics and durability of the US-Venezuela oil arrangement.