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...
Argentina’s Dollar Bonds Fall to Lows: Swaps 60% of Local June Debt
Argentina’s sovereign bonds dropped to record lows, continuing its 2 week descent. Their dollar bonds due 2030 have slipped to ~23.5 cents on the dollar, the lowest since its issuance two years ago. Based on a JPMorgan index, spreads over the US Treasury yields have...
IMF Reaches Staff Level Agreement with Argentina
The IMF has reached a staff level agreement with Argentina regarding an updated macroeconomic framework. The agreement would allow the troubled nation to access $4.03bn in funds from the multilateral lender. The IMF said that targets relating to “the primary...
