01 February 2010

ARGENTINA: Bonds Post 6-Week High In Post-Redrado Rally.

BLOOMBERG/
Central Bank President Martin Redrado’s resignation reduced worries that a standoff would delay restructuring some $20 billion in defaulted debt and rallying bonds to a 6-week high. “His resignation last week has helped calm some of jitters on concerns that the political crisis might deepen,” said RBC analyst Paul Biszko. “It’s a positive.”