The Wall Street Journal
Tuesday, September 25, 2012
By Shane Romig
BUENOS AIRES--Argentine bonds slumped Tuesday after investors chose to bank some of the profits made recently and amid jitters in overseas markets.
The country's growth-linked warrants came under heavy selling pressure for the second day running as a host of analysts warned that a payment in 2013 was unlikely.
The peso-denominated GDP warrants, which pay out each December if growth during the previous year tops 3.26%, tumbled 4.7% to close at 14.50 pesos ($3.01). That followed a 3.9% loss posted Friday. Markets were closed Monday for a national holiday.
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