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The Argentine financial market vibration turns worse bond

Argentina economic minister Ma Duo-cloth Du mean on the 12th, an American federal judge issued order to freeze Argentine National Central Bank's account funds in American federal storage committee on that day.This news causes Argentine financial market tu

Argentina economic minister Ma Duo-cloth Du mean on the 12th, an American federal judge issued order to freeze Argentine National Central Bank's account funds in American federal storage committee on that day.This news causes Argentine financial market turbulence's turning worse, the bond price significant slump.

    Argentina breaks out a financial crisis in 2001, government declares to have no dint to compensate near foreign loan of USD 100,000,000,000, and carries on a large-scale obligation reorganization in 2005, but still have the creditor brush-off that the part takes a tough stance to accept reorganization project, they adopt various judicial means to the government exert pressure and include to sue an Argentine government to the American federal, court.

    The American New York federal judge that takes up this case gives Sa in Ma Si-space to issue order to freeze an Argentine central bank on the 12th at beautiful allied keep the USD 1,750,000 funds on the account.According to know, congelation of the funds quantity may also continue to increase to USD 15,000,000.The Argentine National Central Bank puts forward a protest to Sa in the space judge's verdict, and the decision put forward resort.

    Be subjected to this influence, the Argentine financial market vibration turns worse, the bond price widespreadly and significantly declines on the 12th and link with Argentine GDP among them of USD bond TVPA bond and TVPY the bond price declined respectively 11.87% and 9.29%.In addition, Argentine stock market plum Er tile index number in Buenos Aires declined on that day 2.03%, accept at 2270.49:00.

    The Argentine president Chris Di Nuo declared recently that the relief National Central Bank went long Martin-thunder virtuous pulled many jobs, but Argentina a federal judge was issued order by verdict that recovering thunder is virtuous to pull many central banks to go long job.Currently Argentine government, parliament and judicatory organization around the thunder Be virtuous to pull much way of doing that going or staying and Argentine government uses a foreign exchange storage to compensate foreign loan to appear a rift and cause Argentine political situation and financial market's sinking into a turbulence.

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