By: Camila Russo
Argentina defied a default to deliver some of the world’s biggest bond returns in 2014. This year, the end of Cristina Fernandez de Kirchner’s tenure as president is forecast to produce even bigger gains.
Credit Suisse Group AG and Barclays Plc recommend investors buy the nation’s foreign-currency debt securities as elections in October are likely to usher in a government that will revive the economy and repair relations with creditors. After returning 19 percent last year, the notes may advance as much as 30 percent in 2015 if the nation reaches a deal to end its default, according to Daniel Chodos, a strategist at Credit Suisse.
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