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As IMF Talks Bog Down, Argentine Bonds Plunge Toward 30 Cents Bloomberg 3/8/2021 Scott Squires and Jorgelina do Rosario (Bloomberg) Six months after Argentina exited default, its new bonds have sunk to a mere 30 cents on the dollar. Popular Searches The depressed price is, in fairness, partly the result of the basic mechanics of the securities they carry artificially low interest rates and a generous grace period but it also reflects a grim reality that’s setting in on creditors: The IMF deal that the country desperately needs is a long ways off. Without that accord, and the fresh capital it could bring, Argentina’s pandemic-ravaged economy will remain listless and its finances so precarious that a default the country’s fourth of this century becomes all but inevitable when the bonds start coming due. At today’s prices, the bonds yield more than 1,500 basis points, or 15 percentage points, above U.S. Treasuries.

United statesCity ofUnited kingdomAlberto fernandezRobert koenigsbergerArmando armentaChris marshMorgan stanleyInternational monetary fundGramercy fund managementExante dataPresident alberto fernandezBloomberg argentineSouth americaஒன்றுபட்டது மாநிலங்களில்நகரம் ஆஃப்