Argentina Dollar Bonds Slumps After Caputo’s Interview

Argentinian dollar bonds fell over 2.4% on Monday morning as investors await some definition about a new exchange program that is expected after an upcoming deal with the International Monetary Fund. Economy Minister Luis Caputogave a television interview on Sunday night but did not give more information about the program.

• Argentina led the laggards among a basket of emerging market sovereign debt, with the 2046 bond the worst performer
• Argentina’s peso futures are weakening sharply in early trading on Monday
  • Argentine peso for the end of April weakened to ARS 1170/USD, from ARS 1133 last Friday
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