Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)
Learn moreThe "trial of the century" in sovereign debt restructuring, in our humble opinion. The story of Argentina, its holdout creditors, the grande finale (or is it?) of their battle in US courts.
Well, this was fun while it lasted. Now what did it mean?
Click to enlarge the document capping a weird week in the pari passu saga:
It’s an order from the Second Circuit on Thursday, denying an unusual request filed on Monday by the Italian retail investors who count themselves among Argentina’s holdouts.
Although looking back at it, was the unusual or just ahead of the curve? Read more
Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)
Learn moreAs the pari passu saga in New York rattles towards its end… (or is it?)
The contest of wills and/or highly-paid lawyers between Elliott and Argentina goes on elsewhere, of course. Read more
Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)
Learn moreTake one warship rescued from asset seizure by bond holdouts.
Add swelling music, defiant rhetoric by President Cristina Fernandez de Kirchner, the national flag stirring in the Atlantic breeze, and messages home from crewmen who remained on board while the dispute played out in a Ghanaian port and Hamburg tribunal… Read more
Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)
Learn moreThe "trial of the century" in sovereign debt restructuring, in our humble opinion. The story of Argentina, its holdout creditors, the grande finale (or is it?) of their battle in US courts.
Argentina files its latest brief against paying holdouts alongside its restructured debt today (Friday). That’s following this contretemps with Judge Griesa, and another difficult week for Argentine credit.
Whatever it says, you can be pretty sure it’ll have sharp words for Elliott Associates and the holdouts.
We’ll post when we get it. But first, why this – and other briefs that should be coming – matter so much… Read more
| Market | Last price | Today's change |
52 week high |
|
|---|---|---|---|---|
| FTSE 100 Index: FSI As of May 21 2013 16:35 |
6,804 | +48.24 | +0.7% | 6,804 |
| FTSEurofirst 300 Index: FSI As of May 21 2013 17:15 |
1,253 | +1.13 | +0.1% | 1,253 |
| S&P 500 INDEX: WCB As of May 21 2013 05:00 |
1,669 | +2.87 | +0.2% | 1,675 |
| Euro/US Dollar FX Spot Rate As of May 22 2013 03:39 |
1.29 | 0.00 | +0.2% | 1.37 |
| ICE Brent Crude Oil Front Month: IEU As of May 22 2013 04:18 |
103.71 | -0.20 | -0.2% | 119.17 |
| COMEX GOLD 1 FUTURES CHAIN Front Mon: CMX As of May 21 2013 23:15 |
1,378 | 0.00 | 0.00% | 1,795 |
© The Financial Times Ltd 2013 FT and 'Financial Times' are trademarks of The Financial Times Ltd.
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