Chavez Debt Trounced by Fernandez Bonds: Argentina Credit

Argentina’s fastest growth in at least three years is pushing its bond yields to the lowest relative to Venezuela in a decade while President Hugo Chavez’s economy is mired in recession.

Argentine dollar bonds yield 9.98 percent on average, 376 basis points, or 3.76 percentage points, less than the borrowing costs for Venezuelan debt, according to JPMorgan Chase & Co. indexes. The difference reached 422 on Aug. 16, the biggest since JPMorgan began compiling the data in 2000.