Bonds Rally on Kirchner Shock

Oct 28, 2010

Argentine bonds and CDS rallied Wednesday following the surprise death of ex-president Nestor Kirchner. Markets appear to treat the news as increasing the likelihood of regime change. Argentine USD discount bonds popped up more than 4 points, to finish at 92.5-94.5, according to traders. USD par bonds were up 2 points, to...

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