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Argentina bond prices sunk to record lows on Monday, weighed down by default fears linked to a wider emerging market sell-off, spiraling inflation pushing up interest rates and the prospect of a ...
(Bloomberg) -- Argentina’s move to delay a $1.4 billion local bond payment this week hardly made a ripple in the broader world of global investing, with most outsiders seeing it as a sideshow ...
The 2018–present Argentine monetary crisis is an ongoing severe devaluation of the Argentine peso, caused by high inflation and steep fall in the perceived value of the currency at the local level as it continually lost purchasing power, along with other domestic and international factors.
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergNatural Gas Soars 700%, Becoming Driving Force in the New ...
[145] [146] [147] Meanwhile, Argentina's dollar-denominated international bonds reached new highs in March, with the 2029 and 2030 issues close to or at record-high prices. The bonds have rallied from lows that took the 2030 issue to 18.125 cents in July 2022, fueled by investor bets that the cabinet of Milei will be able to transform the ...
Minister Alfonso Prat-Gay takes part in meetings with the IMF and the World Bank, shortly after the end of the default.. The Argentine debt restructuring is a process of debt restructuring by Argentina that began on January 14, 2005, and allowed it to resume payment on 76% of the US$82 billion in sovereign bonds that defaulted in 2001 at the depth of the worst economic crisis in the nation's ...
3 key reasons bond prices move up and down. There are three primary factors that drive movements in bond prices: the movement of prevailing interest rates, the ability of the issuer to meet the ...
Careful Pricing (Spanish: Precios cuidados) is an Argentine Price controls program. It was established during the presidency of Cristina Fernández de Kirchner to control inflation levels. Although Mauricio Macri initially rejected continuing with the program, high inflation levels and the economic crisis occurred during his presidency made him ...