Argentine bonds sink due U.S. court debt ruling
BUENOS AIRES Nov 23 (Reuters) - Argentine bonds fell by 5 percent on average in early over-the-counter trade on Friday as the market digested a U.S. court ruling that has fueled fears of a technical default on restructured debt, traders said.
The benchmark Par bond in U.S. currency led the slide, sinking 11.8 percent to a bid price of 28.90. The local bond trade was almost nonexistent on Thursday due to the U.S. Thanksgiving holiday.
- Exclusive: Secret contract tied NSA and security industry pioneer |
- U.S. aircraft hit by gunfire in South Sudan as conflict worsens
- With Fed out of the way, what's next on Wall Street?
- Analysis: Lost Brazil order raises threat to Boeing fighter jets
- Four men arrested in deadly N.J. shopping mall carjacking