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2019-04-26

Argentine interest rates have risen to 68 percent, the highest in the world


The country has been a serial defaulter (8 times) for upwards of two centuries including the largest sovereign default in history in 2001; and during the last 50 years has been an ungovernable fiscal and monetary basket case presided over by an alternating cast of populists, authoritarians and crooks.

So how in the name of the economic gods did Argentina sell $2.75 billion of 100-year bonds on the international dollar market two years ago at a 7.13% yield, which bonds are now trading at 68 cents

https://davidstockmanscontracorner.com/dont-cry-for-the-argentine-bond-holders-just-shackle-the-fed/

Argentine interest rates have risen to 68 percent, the highest in the world

https://www.bloomberg.com/news/articles/2019-04-25/argentine-bonds-sink-for-second-day-with-no-relief-in-sight

http://www.nejtillemu.com/argentina.htm

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