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Argentine Bonds Climb to a Two-Month High as U.S. Stock Gains Spur Demand
Bloomberg
July 07, 2010

Argentine benchmark dollar bonds rose to their highest price in more than two months as a global stock rally prompted investors to buy higher-yielding, emerging-market assets.

The yield on the country's 7 percent dollar bonds due in 2015 slid 36 basis points, or 0.36 percentage point, to 12.2 percent at 4:25 p.m. New York time, according to pricing from Deutsche Bank AG. The price rose 1.25 cents to 82.25 cents on the dollar, the highest since April 26.

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