March 9, 2020 / 2:26 PM / 24 days ago

Argentina bond risk spread rises to widest level since 2005 - EMBI-Plus

BUENOS AIRES, March 9 (Reuters) - Argentina’s bond risk spread rose 377 basis points on Monday to 2,804 over safe-haven U.S. Treasury paper, its widest level since 2005, according to the JP Morgan Emerging Markets Bond Index Plus.

The country’s Merval stock index meanwhile plunged more than 13%, pressured by a global markets downturn caused in part by the outbreak and fast spread of coronavirus.

Reporting by Hugh Bronstein and Walter Bianchi

Nuestros Estándares:Los principios Thomson Reuters
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