September 11, 2019 |
The yield on Argentina's 2021 notes have shot up to 58% as investors reconsider the worth of the country's sovereign bonds in the run-up to elections on October 27, a capital markets source told LatinFinance.
In comparison, the yield on the 2021s stood just above 15% before an early election on August 11 gave a 15-point lead to the center-left candidate Alberto Fernández and his running mate, former President Cristina Fernández de Kirchner.
The same notes are now trading at 50 cents on the dolla
Investors reconsider the worth of the country's sovereign paper in the run-up to the October elections