Argentina default risk still looms, despite talks

Argentina default risk still looms, despite talks

Bonds Economy & Policy Corporate & Sovereign Strategy

With a debt payment deadline fast approaching the chances of an Argentine default are high, despite the sovereign saying it is willing to negotiate with holdout creditors, sources said. Argentina has said that it would be “impossible” to make a $900m payment to restructured bondholders by June 30, which would trigger a technical default following a 30-day grace period. “I suspect Argentina will go into technical default, but it won’t last long. And investors will continue to chase yield. Under n

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