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Argentina five-year CDS jumps almost 1,000 bps after primary election outcome

Reuters Monday, 12 August 2019 ()
The cost of insuring exposure to Argentina's sovereign debt surged by 938 basis points on Monday as investors worried about a return to interventionist economics following a defeat for President Mauricio Macri in the weekend's primary election.
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News video: Argentina's Economy Implodes After Primary Election: 'Every Election Is a Message' Says President

Argentina's Economy Implodes After Primary Election: 'Every Election Is a Message' Says President 06:00

Argentina’s stock market and currency value plummeted this week following a shocking electoral defeat on Sunday for President Mauricio Macri, the nation’s conservative leader.

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