JANUARY/ FEBRUARY 2016 FRONT NOTES: Fickle fortunes

JANUARY/ FEBRUARY 2016 FRONT NOTES: Fickle fortunes

Bonds

In a sharp twist, Argentina and Brazil seem to have traded roles on the world stage.Argentina, which plunged into default almost exactly 14 years ago, has officially arrived back on the global financial scene with the election of center-right candidate Mauricio Macri to the presidency in November, much to the applause of dealmakers in the country and abroad. One private equity investor who flew to Argentina to cast his vote, recently described an overwhelming sense of joy in his native country that brought many to tears. “We did it, we changed,” he says of Macri’s victory, echoing the name of the candidate’s coalition: Cambiemos or ‘Let’s change’.A transformation of sorts is undoubtedly taki

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial