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Argentina's overseas bonds fell toward 40 cents on the dollar, a record low, after President Macri asked creditors for more time to repay. Some Argentine mutual funds suspended redemptions as the government pursued debt extensions.
Debt restructuring and bond stress widen the risk of further peso weakness and disorderly export financing, which can influence Argentine soymeal pricing and trade flows.
batimes.com.arJames GraingerAug 29, 2019Not 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.
