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And while we're at it, how are my Ecuador bonds calls doing?

Chapter one: On March 19th I called Ecuador sovereign debt a buy; at the time, Ecuador's EMBI+ (country risk) rating was at 773 basis points spread.

Chapter two: On June 17th, the same day as all the New York analyst sheep were purring about its country risk rating of 543 basis points spread, I called "take profits" on Ecuador's sovereign bonds. The title of the post was "Ecuador bonds: Time to take profits (and here's why)"; much doubt about the subject matter?

Chapter three: Yesterday, Ecuador's country risk spread closed at 610 basis points, some 67 clicks back from where I (hopefully we) rang the register.

Talk about nailing the trade..........
(click to enlarge)

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