Aug 25 (Reuters) - Yields on Venezuela’s benchmark 2038 sovereign bond and those of state-run oil company PDVSA’s benchmark 2037 bond rose modestly after the announcement of the latest round of U.S. sanctions.
The yield on PDVSA’s bond rose to near session highs, after earlier touching its lowest level in 10 days. The 2038 sovereign bond yield edged up, having previously fallen from its opening at 21.172 percent to 19.557, its lowest since Monday.
The White House announced Friday that U.S. President Donald Trump had signed an executive order prohibiting firms from dealing in new debt and equity issued by the Venezuelan government and PDVSA as well as dealings in certain existing bonds owned by the Venezuelan public sector and dividend payments to the government. (Reporting by Dion Rabouin; Editing by Chizu Nomiyama)