The group Argentina Exchange Bondholders He posted that position on Twitter after knowing the name of the successor of Martín Guzmán at the head of the Palacio de Hacienda.
In the midst of a turbulent day for the markets, the group of creditors harshly received the official who will have to face a scenario of a soaring dollar, skyrocketing inflation and falling debt bonds.
Argentina Exchange Bondholders is made up of more than 20 investment institutions from the 2005 and 2010 foreign debt swaps.
Group among others Monarch, Paloma Partners Management, Pharo Management, Redwood, VR Capital Group, Cyrus and HBKand in August 2020 they had agreed to restructure sovereign securities in dollars that Argentina had issued.
Last January, the same group had shot “The FdT has been governing for 111 weeks and still does not have an economic plan”, said the group made up, among others, of the HBK, Monarch, funds.
“Inflation, the dollar and country risk are out of control”they alerted.
For holders of Argentine securities, skyrocketing country risk means that the bonds they hold are worth less and less.
“Let’s be real, these indicators show that Rome is burning. It’s time to stop playing the lyre,” they joked, alluding to the traditional image of Nero playing the lyre while watching the city burn.
Source: Ambito
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