Lat Am bonds see improvements but deals still distant

Argentina, Patagonia, Restructuring, two paths, LatAm, 575
By Oliver West
26 Mar 2020

Latin America bonds may not be immune to the generalised improvement in tone in credit markets this week, but that secondary markets remains dysfunctional and a return to primary market action could be some way away.

Spreads across Latin America rallied for a third consecutive day on Wednesday as fiscal and monetary stimulus from developed market policy makers finally brought relief to bond markets. Though caution still reigned, there was at least some reason to cheer.
“Secondary markets still feel broken to me, with pretty ...

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