For Reuters, Alberto's comments caused fear of payment default

According to the international Reuters news agency released today, the cost of securing Argentine debt against a default has increased after Alberto Fernández said that the country should renegotiate the terms of payment. a loan from the International Monetary Fund (IMF).

"The cost of the five-year Argentinean debt guarantee has increased by more than 500 basis points since closing on Friday, with $ 5.2 million needed to secure $ 10 million of debt, compared to $ 4.7 billion. At the end of last week, according to IHS Markit, Reuters said in a cable broadcast Monday.

"Markit's calculations, based on Friday's closing prices, represent a 77% probability of sovereign debt default in the next five years," he adds.

"You have to sit down with the creditor and see what you can do," Fernandez said in an interview with Clarín.

"I will do everything I can to export because Argentina produces money There is no other way.In the meantime, I will talk to the creditors to see what we can do, those who have the holders of the Argentinian securities But all this is a task of The truth is that these are negotiations.There is no need to discuss them theoretically.We must sit down to discuss one by one, as we did with the debt at the time, "he said.

"Do not forget that we asked bondholders to accept a 75% takeoff and that it was a face-to-face discussion – it's the remarkable job that Guillermo Nielsen did. at the time ".

Trust

Fernandez "should keep the support of the IMF, because if we will not proceed with a messy and ugly restructuring," said Kathryn Rooney Vera, Director of Research and Strategy for Emerging Markets at Bulltick LLC in Miami.

"The CDS incorporate 80% (default probability), but it will be 100% without the IMF," he added.

"While (Fernández) clarified his views, he did not enlighten the future members of the cabinet, which is necessary to understand more precisely their economic policies," said Citi economists in a note to the customers