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Archive for October 22nd, 2015

Venezuela Opening Indicative Run

Security            B Px A Px      B YTM A YTM  Bench

——————————————————

**Venezuela***

VENZ   5¾   16   88.250-89.250   46.284/42.418 2YR

VENZ   7     18   41.250-42.250   43.066/41.976 2YR

VENZ   13⅝  18   57.500-60.500   40.152/37.512 5YR

VENZ   7¾   19   37.500-38.500   40.884/39.869 5YR

VENZ   6     20   35.250-36.250   33.029/32.203 7YR

VENZ   12¾  22   45.500-46.500   33.454/32.773 5YR

VENZ   9     23   36.750-37.750   31.276/30.543 10YR

VENZ   8¼   24   36.000-37.000   28.124/27.459 10YR

VENZ   7.65  25   35.250-36.250   26.710/26.070 10YR

VENZ   11¾  26   41.250-42.250   30.488/29.821 10YR

VENZ   9¼   27   41.250-42.250   24.744/24.209 10YR

VENZ   9¼   28   36.750-37.750   27.164/26.514 10YR

VENZ   11.95 31   41.500-42.500   29.285/28.628 5YR

VENZ   9⅜   34   37.250-38.250   25.659/25.024 30YR

VENZ   7     38   34.500-35.500   20.753/20.203 30YR

**Corp***

PDVSA  5     15   99.500-100.000  93.163/4.879  1YR

PDVSA  5⅛   16   71.000-73.000   43.782/40.388 2YR

PDVSA  5¼   17   49.500-50.500   62.978/61.120 5YR

PDVSA  8½   17   69.750-70.750   29.461/28.588 3YR

PDVSA  9     21   39.750-40.750   32.186/31.455 5YR

PDVSA  12¾  22   47.500-48.500   32.976/32.315 5YR

PDVSA  6     24   34.250-35.250   24.918/24.310 10YR

PDVSA  6     26   33.750-34.750   22.417/21.867 10YR

PDVSA  5⅜   27   33.000-34.000   21.070/20.546 10YR

PDVSA  9¾   35   39.750-40.750   24.898/24.312 10YR

PDVSA  5½   37   32.750-33.750   17.761/17.287 30YR

ELECAR 8½   18   38.000-43.000   59.655/52.266 5YR

The prices contained herein are indicative as of the time of publication.  They do not represent firm bids and offers.  For up to date pricing please contact your Avila Capital Markets representative.

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 Fewer Americans than forecast filed applications for unemployment benefits last week, giving workers more reason to feel secure in their jobs. Jobless claims rose by 3,000 to 259,000 in the week ended Oct. 17, a report from the Labor Department showed on Thursday in Washington. The median forecast of 47 economists surveyed by Bloomberg called for 265,000. The four-week average, a less-volatile measure, was the lowest in four decades. Claims have stayed within a historically low range in the past few months as employers retain staff to meet demand driven by steady consumer spending. At the same time, the pace of hiring has eased amid slowing overseas markets and lingering weakness in manufacturing and energy-related industries. “The trend in claims remains extremely low,” Jennifer Lee, a senior economist in Toronto for BMO Capital Markets, said before the report. “Companies aren’t laying off a lot of workers. It’s still a pretty healthy job market out there.” Economists’ estimates in the Bloomberg survey for weekly jobless claims ranged from 250,000 to 275,000. The previous week’s figure was revised to 256,000 from an initially reported 255,000. The data cover the period that the Labor Department surveys businesses and households to calculate payrolls and the jobless rate for October. The four-week moving average decreased to 263,250, the lowest since December 1973. The comparable reading for the September survey week was 272,500.

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http://www.bloomberg.com/news/articles/2015-10-22/jobless-claims-in-u-s-hover-around-lowest-level-in-four-decades

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