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Argentine Bonds Fall as Default Deadline Looms With No Progress

Argentine bonds dropped to a one-month low as the nation rejected direct talks with creditors in a conflict over defaulted bonds that’s threatening to force it to renege on payments for a second time since 2001.

Government bonds maturing in 2033 fell 2.23 cents to 81.99 cents on the dollar at 4:45 p.m. in Buenos Aires, the lowest level since June 20, according to data compiled by Bloomberg. Yields jumped 0.36 percentage point to 10.77 percent.