The news reports that Venezuela is about to disclose a huge debt of $240 billion.

According to a report by sources who asked not to be named and are familiar with Venezuela's debt restructuring plan, Venezuela is about to announce a total debt of $240 billion, significantly higher than previous market estimates; the country is preparing to launch the largest sovereign debt restructuring in history. The disclosed debt level will exceed the previous market range estimate of $150-200 billion. Note: Venezuelan bonds fell sharply on Tuesday as investors await the official debt assessment results.