US Treasury Department announces the issuance of general license authorising some transactions in relation to the PDVSA 8.5% 2020 bond as of the 19th of June

The issuance of a general license by the US Treasury allows for specific transactions related to the PDVSA 8.5% 2020 bond, which could signify a shift in the regulatory landscape affecting Venezuela's state-run oil company. This development may impact the bond's liquidity and pricing as it reopens avenues for investors; traders should watch for market sentiment shifts, especially in EM debt and commodities tied to Venezuelan exports.