Finance : UPDATE 1-BlackRock's Rieder says Argentina debt 'pretty cheap'

BlackRock's top bond manager said on Thursday Argentina's debt is trading "pretty cheap" but he had no plans to buy more and would hold what he manages in the company's portfolio. "At these levels, we think organically the debt is pretty cheap at where it is trading," said Rick Rieder, BlackRock's Chief Investment Officer of Global Fixed Income during the Reuters Global Investment Outlook 2020 Summit. Most of Argentina's dollar-denominated debt is trading around 40 cents on the dollar.

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November 08, 2019 at 06:19AM