Markets drift higher as YPF makes opportunistic tap

April 22, 2015 4:00 PM

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NEW YORK, April 22 (IFR) - Market focus remained firmly on upcoming Petrobras results and Argentina's latest market foray as Latin America credits drifted higher Wednesday morning.

Bonds issued by Brazilian oil company Petrobras were flat with the 2024s being quoted at a spread of 450bp as investors braced for the much anticipated release of audited financial results after the market close today.

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