Argentina bond prices fall sharply on Clearstream trade suspension

March 31, 2015 5:43 PM

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NEW YORK, March 31 (IFR) - Argentina's sovereign bonds fell sharply on Tuesday following Clearstream's announcement that it had suspended settlement of any security in the Argentine market, according to traders.

Argentina's local-law Boden 2015 were among the hardest hit, dropping by almost four points to a cash price of 97.00 or a yield 13.53%. This compares to Monday's closing price of 100.75, the equivalent of a much tighter yield of around 5.5%.

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