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Argentine Bonds Rise Most in Four Weeks on Debt Swap, Global Stock Gains
Bloomberg
July 06, 2010

Argentine bonds rose the most in almost four weeks as gains in global stocks and the higher level of acceptance of the government's debt swap plan fueled demand for the country's higher-yielding securities.

The yield on the country's dollar bonds due in 2015 fell 46 basis points, or 0.46 percentage point, to 12.55 percent at 4:48 p.m. New York time, according to Deutsche Bank. It is the biggest decline since June 10. The price rose 1.5 cents to 81 cents on the dollar, after falling 0.15 cents yesterday.

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