As talk of a default by Argentina grows, the Latin American government yesterday asked a US judge to pause an order demanding it pay holdout bond owners who did not participate in debt restructuring agreement from 2002 when the country originally defaulted. Argentina ordered to pay holdout bond owners This is the second time Argentina had asked US District Judge Thomas Griesa to stay the previous order to pay the holdout bond owners. The first time the stay was denied. In court Monday little of new significant legal relevance was said to be presented other than Argentina cryptically saying was…
Argentina Asks Judge To Delay Payment Order Again
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.