News Center

Argentine Bond Risk Sinks Most in Region as Growth Feeds Investor Optimism
Bloomberg
August 04, 2010

Argentina bond risk fell the most in Latin America over the past three months as quickening economic growth and a $12.9 billion debt restructuring boosted confidence in the country's ability to pay its debt.

The cost of protecting Argentine debt against non-payment for five years with credit-default swaps tumbled 85 basis points, or 0.85 percentage point, in the three months through yesterday to 794, according to CMA DataVision. The decline is the biggest among emerging-market countries after Pakistan, whose default insurance sank 162 basis points to 498.

Argentine default swaps may plunge another 200 basis points by the end of the year as surging exports of soybeans and wheat propel growth in South America's second-biggest economy, said Nick Chamie, global head of emerging-markets research at RBC Capital Markets in Toronto, a unit of Canada's biggest bank. Economy Minister Amado Boudou yesterday boosted his growth forecast for this year to 7 percent from about 6 percent.

For the full text of the article, visit: http://bit.ly/cY0I2m

U.S. Government
Takes Action

Click here to view letters by the Administration and Members of Congress on Argentina's debt and economic policies.

The Debt and Europe

Click Here To Read More

ATFA Member Spotlight

Resolution on Argentina's Generalized System of Preferences Status (GSP)

Click here to view other ATFA member activity

Join Us
Show your support for ATFA and our work regarding debt default by joining our growing list of supporters.

Tell Your Friends
Do you have friends or colleagues who would be interested in supporting ATFA? Send them an invitation to this site by clicking here.