Insights from recent EM sovereign debt restructurings
11 August 2020
Ecuador recently undertook a successful sovereign debt restructuring in record speed, followed by Argentina after a somewhat more long-winded and volatile process. These are the first two major EM sovereign...
Argentina reaches deal with bondholders amidst idiosyncratic TRY volatility
Weekly investor research
10 August 2020
Argentina reached a deal with the main bondholder groups. Turkish Lira (TRY) weakness temporarily weighed on other EM high yield currencies, but lasting contagion is unlikely as the factors driving TRY...