Bond Vultures' Bet Against Argentina Pays Off

Today the Supreme Court handed a double defeat to the Republic of Argentina in its effort to default on sovereign bonds issued in 1994. 
Lionel Messi reacting to the Supreme Court bond decision? 

Score two for the gamblers. Today the Supreme Court handed a double defeat to the Republic of Argentina in its effort to default on sovereign bonds issued in 1994. That means a double win for NML Capital, that so-called vulture fund that holds $1.33 billion of those bonds bought for pennies on the dollar in the hopes that the U.S. courts would eventually try to make Argentina pay.

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