Reuters logo
Argentine bonds sink due U.S. court debt ruling
November 23, 2012 / 2:35 PM / in 5 years

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.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below