Argentina default risk grows

Argentina default risk grows

Bonds Corporate & Sovereign Strategy

Secondary markets showed signs of nervousness on Monday as the risk of an Argentine default appeared to grow, but market participants expected a limited impact on new bond sales. The sovereign is set to miss a payment on restructured debt on Wednesday if it does not first reach an agreement with holdout creditors. An Argentine delegation is set to speak to mediator Daniel Pollack again today, the presidency said in a statement on Monday. Markets are losing optimism that a deal will be reached be

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