Argentine debt-payment proposal drives up CDS prices

04/2/2013 | Reuters · Wall Street Journal, The

Investor unease with Argentina's proposal to resolve debt-payment issues has pushed the cost of insuring the nation's debt to its highest point since March 2009. "The market is showing that it expects the appellate court to reject Argentina's payment plan, and that will put Argentina one step closer to technical default," said Ignacio Labaqui of Medley Global Advisors.

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Reuters · Wall Street Journal, The

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