Argentina has defaulted on its external debt seven times in the past 200 years. It just sold 100-year bonds.https://www.bloomberg.com/news/articles/2017-06-19/argentina-plans-to-sell-first-100-year-bond-as-soon-as-monday …
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Seems vaguely consistent: https://twitter.com/M_PaulMcNamara/status/877149358315233281 …
@soncharm -
but supposedly rates are gonna rise any day now with normalization & growth, and then that 7.917% won't look so good...ok nvrmind :)
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Yeah 2% was finger-in-the-air stuff, curve to 30Y currently looks like this I used to do this shit for a living but I'm half-assing it now.pic.twitter.com/U2apFahUt5
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it'd be interesting to learn who bought it...
End of conversation
New conversation -
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