From: Barrett, Paul S
Sent: Tuesday, October 9, 2012 2:34 PM
To: Epstein, Jeffrey (jeevacation@gmail.com)
Cc: Giuffrida, David J; Ens, Amanda
Subject: Venezuela
Hi Jeffrey
=/o:p>
Given that w= expected a Chavez win, I am a little surprised that the bonds are trading=down 3 points (around 4%).
There has been some noise out of Argentina wh=re a local province repaid a coupon on a bond in ARS when it should =e
in USD. So this is putting pressure on the region. <=span>
I think this is an inter=sting level to buy the PDVSA 2017 bond. Currently yielding 12.20%. P=ssive play on oil.
=span style="font-size:11.0ptfont-family:"Calibri","san=-serif"">Would do $1.5MM.
Let me know
Paul
apan style="font-size:ll.Opt;font-family:"Calibri","sans=serif"'>
<=:p>
Paul Barrett, CFA</=:p>
Managing Director<=p>
Global Investment Opportunities Group=/span>
JPMorgan Private Bank<=p>
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=OD
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