Argentine bonds up

Posted by 7Star Sunday, March 7, 2010

Argentine sovereign debt prices rose on Friday on growing expectations that the government will launch soon a planned swap of about $20 billion in defaulted bonds, traders said. Government bonds traded over the counter in Buenos Aires were up 0.9 percent on average in midday trade, led by the dollar-denominated Boden 14 paper, which was trading 1.9 percent higher to an ask price of 29.15.

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