"The third-highest inflation rate in the world is making investors less confident in Argentina’s ability to keep up economic growth and repay debt beginning in 2012, credit default swaps show.
Five-year contracts that protect investors against a default by Argentina cost 123 basis points, or 1.23 percentage points, more than two-year swaps on Oct. 15, the biggest gap in a year, according to CMA prices. The difference in similar- maturity swaps for Venezuela, whose contracts are the most expensive among 71 countries tracked by Bloomberg, is 10." Read more. "Surging Inflation Spurs Debt Concern in 2012, Swaps Show: Argentina Credit"
Tal Barak Harif
Bloomberg, October 25, 2010. Image by Francesco Marino / FreeDigitalPhotos.net.