El Salvador bonds tumble as investors eye bitcoin use, IMF talks By Reuters – Investing.com
- Date: 17-Sep-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
El Salvador bonds tumble as investors eye bitcoin use, IMF talks By Reuters – Investing.com
By Rodrigo Campos
NEW YORK (Reuters) - El Salvador bond spreads to U.S. Treasuries hit a record high on Thursday on growing investor fears the Central American nation will not reach a potential $1 billion loan agreement with the International Monetary Fund and faces negative credit implications linked to its use of bitcoin.
S&P Global (NYSE:) said risks associated with the country's adoption of bitcoin as parallel legal tender to the U.S. dollar "seem to outweigh its potential benefits" and there are "immediate negative implications for credit."
Select Sector 
Select Country 
