Argentine Bonds Jump on Prospect of Settlement With Holdouts
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Argentine bonds surged the most in emerging markets on speculation the South American nation is moving toward settling with holders of defaulted debt.
Global dollar bonds due 2017 jumped 4.94 cents on the dollar to 97.16 cents at 3:51 p.m. in New York after Argentine online news service Infobae reported a government plan to pay investors including hedge fund Elliott Management Corp. in full. Infobae cited unidentified people familiar with the matter.