Venezuelan bonds fell, pushing yields over U.S. Treasuries to their widest in four years

Venezuelan bonds fell, pushing yields over U.S. Treasuries to their widest in four years, as the government's debt sales outstrip demand.
The yield gap on Venezuelan bonds over U.S. Treasuries swelled 19 basis points, or 0.19 percentage point, to 6.79 percentage points at 4:20 p.m. in New York, according to JPMorgan Chase & Co.'s EMBI Plus index. The so-called spread is the widest since May 2004.
Venezuela sold $4 billion of dollar bonds last month to local investors, who in turn have been selling the securities in international markets to gain access to dollars and circumvent foreign exchange restrictions. Venezuelan bonds also fell after Finance Minister Rafael Isea said the country may buy debt issued by Argentina this year.