Guatemalan bonds post top returns on spending cuts

Guatemala’s month-old dollar bonds are delivering the best returns in Central America as President Otto Perez Molina takes steps to improve tax collection and cut spending.

Guatemala’s 10-year dollar bonds, the country’s first global notes since 2004, have returned 5.7 percent since they were sold on May 31.

The number can be compared to El Salvador's bonds, which have returned 2.2 percent, and 2.8 percent for Panamanian bonds.



Source: Bloomberg