Argentina bonds plummet as investors see IMF deal looming

Argentinian bonds are testing fresh lows amid growing concern the government will struggle to secure a refinancing deal with the International Monetary Fund before big payments are due in March.

Hostile remarks by Vice President Cristina Fernandez de Kirchner and Economy Minister Martin Guzmann this week are helping to fuel the prevailing pessimism in Buenos Aires. Traders are speculating that while it’s highly likely that the parties will eventually reach an agreement, the road to getting there will be rocky enough to spur further volatility in the country’s bond market.

“The situation looks completely paralyzed and I have…

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