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Emerging MarketsEM LatAm

Argentina rally extends despite default negotiations

Argentina, Microcentro, Buenos Aires, BA, LatAm, 575x375

Analysts expect negotiations between Argentina and its foreign bondholders to continue past May 22, the date that the sovereign could enter default, with restructuring proposals from the creditors implying recovery values up to 50% higher than what the issuer initially proposed. But as both parties appear to be keen to find a solution, the bonds continued their rally on Monday.

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