Search results
Results from the WOW.Com Content Network
As investors pulled out funds, an index of over-the-counter sovereign bonds fell around 2%, extending a recent sharp decline. The Monday fall took 2030, 2028 and 2041 bonds to record low levels ...
(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 ...
Argentina might extend the deadline for its proposed bond restructuring beyond Aug. 24 and submit its amended offer to the U.S. securities regulator next week, a source with direct knowledge of ...
The most recent arrangement approved Argentina to borrow SDR 40,714.00 million, of which Argentina has borrowed SDR 31,913.71 million [4] as of December 10, 2019. Over the past 63 years, Argentina has frequently used the resources of the IMF and holds the record for the largest loan distributed, reaching nearly $57 billion in 2018. [5]
On 4 December, Argentine bond yields stood at 34% over U.S. treasury bonds, and, by 11 December, the spread jumped to 42%. [ 49 ] [ 50 ] By the end of November 2001, people began withdrawing large sums of dollars from their bank accounts , turning pesos into dollars, and sending them abroad, which caused a bank run .
The BONEX Plan was a forced conversion of bank time deposits to Treasury bonds performed by the Argentine government in January 1990. [1] It was put in place following a 3079,5% hyperinflation in 1989, [2] as heterodox stabilization programs failed. [3] US$3 billion worth of the public's deposits were converted to "Bonex 89" bonds to be repaid ...
The calculation of bond prices due to the change in time to maturity can also be easily figured based on some relatively simple math, giving investors a clear idea of a bond’s expected price.
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.