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07

Elliott’s Argentina Deal Pessimism Is Spreading in Bond Market

By Tony Seruga

Elliott Management, mired in a decade-long legal tussle with Argentina, said last week bond investors are too optimistic the next president will end the nation’s default.

It turns out that hope has already begun to wane.

Argentina’s benchmark notes due 2033 have slumped 3.1 percent in the past month as polls show increasing support for Daniel Scioli, the candidate that investors perceive to be most aligned with President Cristina Fernandez de Kirchner. Emerging-market debt gained in the same span…

Elliott’s Argentina Deal Pessimism Is Spreading in Bond Market

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