Skip to content
Markets
Economics

Argentina Bonds Slump as Economy Chief Criticizes IMF Proposals

  • Dollar bonds drop most since September on Guzman comments
  • Argentina has a $2.8 billion payment to the IMF in March
Updated on

Argentine dollar bonds fell the most since September after Economy Minister Martin Guzman criticized spending cuts proposed by the International Monetary Fund, highlighting the difficulties ahead in securing a new agreement. 

Notes maturing in 2041 dropped 1 cent to 32.8 cents on the dollar, the biggest decline since Sept. 20, according to data compiled by Bloomberg. Credit-default swaps widened the most in five weeks.