There's still plenty of room for Venezuelan government bonds to continue their recovery, according to Lee Robinson, founder of Altana Wealth. The asset manager was among the early players to position themselves in the country's debt market, and Robinson sees the current rally as having further legs to run.

His bullish stance suggests that investors who've been tracking the nation's debt situation see more value extraction possible from the current levels. The recovery trajectory, while already notable, hasn't fully played out—making it an interesting play for those with the risk appetite and conviction in Venezuela's financial situation improving.