February 7, 2020 / 2:40 PM / 17 days ago

Argentina over the counter bonds jump 1.6% on debt deal optimism - traders

BUENOS AIRES, Feb 7 (Reuters) - Argentine over the counter bonds jumped 1.6% on Friday thanks to optimism over an eventual debt restructuring deal as the government gets ready to host a technical mission of International Monetary Fund economists next week, traders said.

Risk spreads on Argentine bonds tightened 62 basis points to 1,839 over safe-haven U.S. Treasury papers, according to JP Morgan’s Emerging Markets Bond Index Plus.

Reporting by Walter Bianchi and Hugh Bronstein Editing by Chizu Nomiyama

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