Argentine Debt Posts Best Week Since 2012 on Deal Outlook
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Argentina’s restructured bonds are headed for their biggest weekly rally in 19 months on speculation the government will end its dispute with holdout creditors.
The so-called discount bonds maturing in 2033 that were issued in a 2010 debt swap have climbed 6.97 cents since July 4 to 92.48 cents on the dollar, their biggest weekly gain since November 2012. They rose 0.07 cent today as of 12:45 p.m. in New York. Yields fell 99 basis points this week to 9.2 percent.