Loading…
Argentina's newly restructured dollar bonds fell sharply within weeks of the August 31 bondholder approval, with a 2030 note trading near 40 cents on the dollar. Analysts described the sell-off as the worst start for newly restructured emerging-market bonds in two decades.
Investor worries center on the government's economic management.
Sovereign debt stress raises the likelihood of further capital controls and peso weakness, which can affect Argentine export economics and the currency used to price its grain and oilseed sales. The direct commodity price impact is modest.
ft.comBenedict Mander, Colby SmithSep 28, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
