Indexology®: U.S. Debt Markets/CDS reaction to Argentina Credit Default
August 07, 2014 at 06:30 AM EDT
On Wednesday, July 30th, S&P cut the credit rating on Argentina’s foreign currency bonds to “selective default” after they failed to reach a deal with holdout bondholders from their last default in 2001. US Treasuries initially sold off only to recover, investment grade corporate bond markets...