Argentina's Odd GDP Warrants Option Strategy

GDP warrants were impacted when the government of Argentina released surprising economic numbers on Wednesday. But what might really be surprising is how the new administration of President Mauricio Marcri’s administration established an unbalanced collar option strategy around its debt just before the release of the numbers. A Credit Suisse report out just before the GDP numbers were released raised questions as to the purpose of the options collar. The report also noted transparency issues with a government that has historically been criticized for dispensing of less than accurate economic reports.

Just before announcing better than...

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