NEW YORK (BLOOMBERG) - Plans for a US$1 billion (S$1.36 billion) Bitcoin bond in El Salvador sent the nation's US dollar-denominated bonds to an all-time low. El Salvador's dollar denominated notes due in 2050 fell 2.2 cents to 64.4 cents on the US dollar on Monday (Nov 22), the lowest ever. The Central American country's debt was among the world's worst performers on Monday as investors considered whether President Nayib Bukele's plan to sell sovereign Bitcoin bonds closes the door on a deal with the International Monetary Fund (IMF). El Salvador's progress with the IMF has soured since May, when Bukele's party took over the assembly and fired five top judges and the attorney general. His policies, including the adoption of Bitcoin as legal tender, have been repeatedly criticized by the multilateral lender. "This announcement cements the 'anything-but-the-IMF' path," said Nathalie Marshik, a Stifel Nicolaus & Co managing director. Bonds are falling "as the market reassesses possible recovery value lower on unpredictability of policies." The nation's debt is trading in distressed territory, with investors now demanding 1,168 basis points in extra yield to hold El Salvador's dollar ...