Argentina Will Probably Default in Early 2020, Wells Fargo's Bennenbroek Says

The video discusses the current performance of the Argentine peso against the US dollar, highlighting the challenges it faces despite recent election results. It explores the potential impact of the new administration's policies, the relationship with the IMF, and the likelihood of Argentina defaulting on its debt. The discussion includes expectations of a significant bond haircut and the market's anticipation of a larger impact than the government suggests.

What is the current status of the Argentine peso against the US dollar?

• It is declining rapidly.

• It is stable.

• It is the best performer.

• It is the weakest performer.

What is a significant concern regarding the new administration in Argentina?

• Their focus on technological advancements.

• Their relationship with the European Union.

• Their stance on environmental policies.

• Their potential for adopting populist policies.

What percentage of Argentine government debt is in non-peso currencies?

• 50%

• 70%

• 90%

• 100%

What is the expected range for the haircut on Argentine bonds?

• 10% to 20%

• 60% to 70%

• 80% to 90%

• 30% to 40%

What is the likely outcome of the Argentine debt situation?

• No changes to the current debt structure.

• Immediate recovery.

• Complete debt forgiveness.

• A combination of a haircut and an extension.