Argentine CDS prices up, trepidation on gov't payment proposal
NEW YORK, April 1
NEW YORK, April 1 (Reuters) - Investors bid up the price to insure Argentine sovereign debt on Monday, reacting to a court-ordered payment plan proposal for holdout investors that offers the same terms already rejected in 2010, thereby raising the possibility of a technical default.
According to data provider Markit, the annual cost to insure a $10 million portfolio of sovereign debt for five years rose to $3.471 million from $3.104 million on Friday.
- Islamic State threat 'beyond anything we've seen': Pentagon
- British Muslims blame jihadi subculture after beheading video |
- Israeli air strike kills three Hamas commanders in Gaza |
- U.S. aid workers who survived Ebola leave Atlanta hospital |
- National Guard to withdraw from riot-torn Ferguson, Missouri |