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U.S. capture of Maduro could lift Venezuela, PDVSA bonds by up to 10 point, JPMorgan says

Reuters01-05

U.S. capture of Maduro could lift Venezuela, PDVSA bonds by up to 10 point, JPMorgan says

LONDON, Jan 5 (Reuters) - The U.S. capture of President Nicolas Maduro is expected to set to trigger a rally of up to 10 points in Venezuela's international debt no Monday, analysts at JPMorgan estimated.

Maduro was detained during a U.S. military raid on Saturday in Caracas that has plunged Venezuela into uncertainty.

Bonds issued by the country's government and state oil company, Petroleos de Venezuela, known as PDVSA, were some of the best performers in the world in 2025, nearly doubling in price since Donald Trump returned to the White House in January last year.

Some Venezuela sovereign bonds ended Friday's trading session between 28-32 cents on the dollar, MarketAxess data showed.

"Venezuela and PDVSA bonds have roughly doubled in price since during the course of 2025, but should still see a strong bounce — up to 10 points — at the start of Monday’s session," JPMorgan analysts said in a note to clients.

(Reporting by Karin Strohecker; editing by Marc Jones.)

((karin.strohecker@thomsonreuters.com; Reuters Messaging: karin.strohecker.reuters.com@reuters.net))

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