KONTAN.CO.ID - BUENOS AIRES. Argentina's debt sank deeper into distressed territory on Friday, in just the latest week of sour financial news led by a battered currency, highlighting growing doubts about the near-term prospects for Latin America's third biggest economy. The peso currency hit fresh record lows this week on a daily basis, trading in the parallel black market at nearly 350 per U.S. dollar on Friday, down nearly 4% from the previous day, according to private traders. So-called over-the-counter sovereign debt slipped 1.1% overall on Friday, fueled by persistent investor doubts, even as yields for the benchmark Bonar 2030 bond exceeded 40% after its value tumbled 2.1%.
In Argentina, Financial Risks Deepen Along With Investor Jitters
KONTAN.CO.ID - BUENOS AIRES. Argentina's debt sank deeper into distressed territory on Friday, in just the latest week of sour financial news led by a battered currency, highlighting growing doubts about the near-term prospects for Latin America's third biggest economy. The peso currency hit fresh record lows this week on a daily basis, trading in the parallel black market at nearly 350 per U.S. dollar on Friday, down nearly 4% from the previous day, according to private traders. So-called over-the-counter sovereign debt slipped 1.1% overall on Friday, fueled by persistent investor doubts, even as yields for the benchmark Bonar 2030 bond exceeded 40% after its value tumbled 2.1%.