Reported about 3 hours ago
Ecuador's President Daniel Noboa, who previously garnered investor support through fiscal reforms, now faces declining popularity ahead of upcoming elections, affecting the bond market. Recent blackouts and economic stagnation have caused his favorability to plummet from 80% to just 28.9%, raising concerns about potential policy shifts and the risk of default if a left-wing candidate wins. As bond returns tank, the market anxiously awaits the election outcome, which could jeopardize Noboa's reform agenda and international aid.
Source: YAHOO