Argentina Economy Minister Resigns, Casting Doubts over IMF Program Goals
Argentina’s Economy Minister Martin Guzman resigned on Saturday following escalating infighting within the government. His departure raises questions whether Argentina can comply with a $44bn IMF program, whose goals for the latter half of 2022 are seen as too lofty...
Russia-Ukraine Crisis: Impact on Bonds & CDS Spreads
Timeline and Latest Updates July 04, 2022: Citigroup is in talks with privately-owned Russian companies like Expobank, Rosbank and Reso-Garantia regarding a potential sale of its consumer and commercial businesses, as per FT. Gazprom’s shares fell over 25% after...
Sri Lanka To Default on Dollar Bonds. Track Sri Lanka Bonds & News
Sri Lanka has announced suspension of payments on its $51bn external debt calling it a “last resort” emergency measure, pending restructuring. Market participants consider the move as tantamount to default. Its creditors, including foreign governments, are...
Argentina’s Local Bond Default Fears Jump
Default fears on Argentina have renewed, now in its local bond markets with creditors have become reluctant to roll over maturing government bonds. Bloomberg notes that it is rumored that officials are running out of financing options and that a local bond...
