July 2014 Analysis

Market Strategy - Deal With Holdouts Likely In Coming Weeks - 21 JULY 2014

We continue to believe that Argentina is likely to reach a negotiated settlement with holdout investors, those who have refused restructuring offers on outstanding defaulted sovereign debt, and evidence that this view is playing out is fuelling a broad rally in Argentine financial assets Once reached, such a settlement would substantially de-risk Argentina's restructured sovereign debt, and as...