Tuesday, July 3, 2007

Argentina, Brazil, Colombia, Venezuela: Latin American Local Bond Preview

(Bloomberg) -- The following events and economic
reports may influence trading in Latin American local bonds
today. Bond yields are from the previous session.

Argentina: The country's refusal to settle its $6 billion
debt with Paris Club creditors is hurting Argentina's chances of
achieving credit ratings increases, said Mauro Leos, an analyst
at Moody's Investors Service. Argentina hasn't paid its debt
with the Paris Club since 2001, when it also defaulted on $95
billion of bonds. The country has posted budget surpluses amid
economic growth of more than 8 percent in each of the past four
years.


Read more at Bloomberg Bonds News

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