..when I posted a couple of days ago the rate was 22.49. Since then it has been as high as a touch under 24 but closed the week at 22.99. As you can see the trend has accelerated from the start of May and unless this is broken quickly (reverses) the serial defaulter that is Argentina could be on the path to the same again. Desperate for yield investors bought a 100 year bond last year for 8% yield, one year later they are seeing the risk associated with that 'investment' come at them fast.
