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relates to Negative Mortgages Set Another Milestone in a No-Rate World relates to Bond Traders Are Hostage to a Global Gloom relates to Carlsberg CEO Has a Warning for His Peers About Negative Rates relates to The World Is Waiting for Powell’s Signals: Global Economy Week relates to Bank Indonesia Seen Keeping Rupiah Bears at Bay as EM Risks Rise relates to U.S. Weighs Selling 50- and 100-Year Bonds After Yields Plummet relates to China Lines Up Lower Borrowing Costs with Revamped Rate System relates to Deutsche Bank’s Historic Revamp Hit by Sagging German Economy relates to Wiped Out Once Again, Argentina Bulls Sift Through the Ashes relates to Here’s How Germany Could Boost Its Economy, If It Wants to Act
relates to Negative Mortgages Set Another Milestone in a No-Rate World relates to Bond Traders Are Hostage to a Global Gloom relates to Carlsberg CEO Has a Warning for His Peers About Negative Rates relates to The World Is Waiting for Powell’s Signals: Global Economy Week relates to Bank Indonesia Seen Keeping Rupiah Bears at Bay as EM Risks Rise relates to U.S. Weighs Selling 50- and 100-Year Bonds After Yields Plummet relates to China Lines Up Lower Borrowing Costs with Revamped Rate System relates to Deutsche Bank’s Historic Revamp Hit by Sagging German Economy relates to Wiped Out Once Again, Argentina Bulls Sift Through the Ashes
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Argentina Default Risk Jumps After Macri's Landslide Loss

Argentina Default Risk Jumps After Macri's Landslide Loss

Macri Loses Argentina’s Key Primary Vote by Landslide
Mounting Fears

The cost of hedging Argentina’s sovereign debt against losses soared to a multi-year high Monday after President Mauricio Macri was unexpectedly defeated by a landslide in a primary vote, signaling a potential return to the policies of his predecessor, Cristina Kirchner, the vice presidential candidate on the rival ticket. Prior to Macri’s presidency, the South American nation was locked out of financial markets for a decade and a half after defaulting on some $95 billion in bonds. Argentina’s credit-default swaps now suggest an implied default probability of 75% over the next five years, data compiled by Bloomberg show.