In a news item published in Spanish by Yahoo Noticias with reports from Reuters, an international news agency, it was learned that international investors are obtaining yields of more than 60% in such bonds.

Some experts point out that this is due to the elimination of default forecasts, indicating that the country has improved its credit situation until 2027, due to 2 surprise repurchases made by the country on its own debt.

In addition, the hiring of a former World Monetary Fund (IMF) official has also sent a good signal to investor markets, detailed Reuters.

Aaron Stern, Managing Partner and Chief Investment Officer at Converium Capital in Montreal, noted that in the summer of 2022 bond prices were divorced from fundamentals.

He also noted that El Salvador continues to offer an attractive value compared to other emerging sovereign markets.

Salvadoran dollar bonds currently yield between 14% and 18%, according to Refinitiv data.

Salvadoran bonds were the best performers in the first half of the year, with total returns close to 60%.

"El Salvador is uniquely positioned as one of the best performing credits" (within its category), added Nathalie Marshik, managing director of fixed income for Latin America at BNP Paribas.

A bond maturing in 2025 is trading at 89 cents, up from 27 cents a year ago.

Translated by: A.M