31 de julio de 2014 / 12:52 / hace 3 años

Argentina bonds drop, CDS widens in wake of default-traders

NEW YORK, July 31 (IFR) - Argentine five-year protection widened over 500bp Thursday while the sovereign's bonds dropped around seven points following its default.

Argentina's five-year CDS widened 513bp to 1,957bp in spread terms or 40.5 points up-front.

The country's Discount 2033 notes dropped seven points to a bid price of 89.00, while the Par 2038s dropped seven points to 49.50 bid, said traders in New York.

The US dollar-denominated local-law Boden 2015s dropped four points to a bid-price of 97.00, while the Bonar 2017s were down three points to 94.00 bid. (Reporting by Joan Magee; Editing by Natalie Harrison)

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