CDS View Within Reach Of Parity

A lot of attention has been focusing on the ongoing negotiations between Argentine Finance Minister Amado Boudou and IMF Managing Director Dominique Strauss-Kahn, and markets seem to be optimistic that some sort of rapprochement deal will be reached. This has been reflected in the price of the defaulted Global US$2031 bond, which sliced through its post-crisis high of 35.00 yesterday, to trade at 37.00 to the dollar.

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