NEW YORK (Reuters) – Investing in Argentine debt, since the country’s 2002 sovereign default, has never been for the faint of heart.
It’s a lesson that investors who accepted a settlement, some as many as 10 years ago, are re-learning now that they hold freshly defaulted debt.
NEW YORK, Feb 5 (Reuters) – Emerging market credit default
swaps trading volume rose 46 percent in 2014 versus the prior
year, driven in large measure by the economic and political
ructions related to energy in both Russia and Brazil, according
to a survey released on Thursday.
EMTA, the emerging markets debt trading and investment
industry trade association, said volumes for CDS totaled $1.56
trillion last year versus $1.064 trillion in 2013.
NEW YORK, Jan 30 (Reuters) – The dollar traded mixed on
Friday after weaker-than-expected headline U.S. fourth-quarter
gross domestic product data, which included the fastest pace of
consumer spending since 2006 and left intact market expectations
of long-term greenback gains.
U.S. economic activity in the fourth quarter rose 2.6
percent, below economists’ consensus forecast of 3 percent and
nearly half of the third quarter’s 5 percent rate.