Venezuela Bonds Poised 9‑16% Rise After License

Morgan Stanley projects Venezuelan sovereign bonds could rise 9% and PDVSA bonds 16% after U.S. Treasury advisor‑hiring license.
The license permits only hiring advisors, not negotiations, keeping U.S. control and using future restructuring stages as diplomatic leverage.
Further bond gains hinge on higher oil output, improved macro data and stronger national institutions, per strategist Simon Waever.
Morgan Stanley warns gains may slow due to tight regulatory supervision and need for fundamental economic improvements.