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With markets and assets falling, Argentina becomes a magnet for bargain hunters

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Some of the bargains: 16.2% on dollar bonds maturing in three years or, better yet, 17.8% on bonds due in two. At a time when benchmark U.S. Treasuries yield 2.5% Argentine assets have tumbled so far, so fast that a few stout-hearted investors say it might be time to buy. “Find me a high-yield sovereign country with an IMF program paying so generously,” said Jean-Dominique Butikofer, the Atlanta-based head of emerging-market fixed income at Voya Investment Management, which oversees about US$ 205 billion.

With markets and assets falling, Argentina becomes a magnet for bargain hunters With markets and assets falling, Argentina becomes a magnet for bargain hunters Reviewed by Shahid Karimi on April 28, 2019 Rating: 5

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