Argentina’s sovereign century bonds tumbled by the most since they were sold in June 2017 after President Mauricio Macri unexpectedly lost a primary vote in a landslide, foreshadowing his potential defeat in October’s presidential election and a possible return to the policies of his predecessor, Cristina Kirchner. The notes reached a record low, taking the yield to more than 12.2%.
Argentina’s sovereign century bonds tumbled by the most since they were sold in June 2017 after President Mauricio Macri unexpectedly lost a primary vote in a landslide, foreshadowing his potential defeat in October’s presidential election and a possible return to the policies of his predecessor, Cristina Kirchner. The notes reached a record low, taking the yield to more than 12.2%.
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