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Wednesday May 10 2000
Emerging markets debt prices dropped sharply Wednesday, led by Argentina, whose fiscal deficit reading for April was disappointing at US$630 million. The target for Q2 is a US$660 million deficit, which will be very difficult to meet.
Thursday May 11 2000
The sell-off in most Latin credits stalled Thursday, with the exception of Argentina. Argentina's Brady and global bonds were hammered again, as heavy investor selling continues to weigh on prices.
Read more: 2000-05-11 Stalled sell-off in most Latin credits