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Argentina’s “century bond” didn’t final lengthy, however its rise and fall holds classes for buyers at a time of market optimism regardless of widespread financial dislocation.
An August restructuring ensures that overseas collectors will get little greater than half of what they had been due on $65 billion of debt, together with the 100-year bonds the federal government bought three years in the past on the peak of a decadelong emerging-markets growth.
The…
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