Argentina Century Bond Yield Jumps as IMF Aid Requested: Chart

(Bloomberg) -- Investors are growing increasingly leery of Argentine finances. The yield on the bond due in 2117 rose to a record 8.4 percent on Tuesday after the government asked the International Monetary Fund for a credit line to help stem a five-month rout in the peso that is sparking a surge in interest rates and threatening to derail the country’s economic recovery. The IMF offers the flexible credit as a precautionary tool for countries that want to reassure markets they are following economic policies approved by the Washington-based fund.

--With assistance from Sophie Caronello

To contact the reporter on this story: Carolina Millan in Buenos Aires at cmillanronch@bloomberg.net.

To contact the editors responsible for this story: Sophie Caronello at scaronello@bloomberg.net, Courtney Dentch at cdentch1@bloomberg.net, Rita Nazareth

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