J.P. Morgan: Venezuela has world's highest bond risk

According to the J.P. Morgan Emerging Market Bond Index (EMBI), Venezuelan sovereign bonds carry the highest risk level in the world (El Nacional, 15 November 2016). Venezuela received 2,169 basis points on the EMBI, far exceeding Ecuador at 746 basis points, Ukraine at 704 basis points, Egypt at 454 basis points, and Argentina at 438 basis points (La Patilla). Venezuela's high investment risk is exceptional within Latin America, as the EMBI rates Colombia at 227 basis points, Uruguay at 221 basis points, Mexico at 217 basis points, Panama at 166 basis points, and Peru at 158 basis points (El Nacional).