"If The Fool persists in his Folly he will become wise." - William Blake
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Argentina Plans to Offer 100-Year Bonds
Argentina will test investor confidence by offering its first 100-year bond barely a year after finally settling a protracted legal dispute tied to a $95 billion default. The government of South America’s second-largest economy would join Mexico, Ireland and the U.K. in selling debt that matures over a century, which is often particularly attractive to insurers and pension funds seeking to lock in long-term returns. Argentina, for its part, is taking advantage of historically low borrowing costs to finance the budget and pay off debt that’s maturing in the next few years. Argentina has staged a spectacular ... (full story)