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Argentine bonds fall due to firm increase in risk aversion: traders

BUENOS AIRES, Mar 30 (Reuters) – Argentina’s government securities lost an average 1.1% on Tuesday as sales shot up in line with the increase in risk aversion, amid investors’ mistrust about the future of the domestic economy and the impact of a new coronavirus outbreak, traders said.

They added that the fall in bonds was in line with the firmness of the country risk of the JP.Morgan bank, which rose 28 points to 1,602 basis points before noon in Buenos Aires (1500 GMT).

Argentina renegotiates with the International Monetary Fund (IMF) debt for about 45,000 million dollars and is seeking to postpone the payment of about 2,400 million dollars with the Paris Club, for which the Minister of Economy, Martín Guzmán, will travel to Europe in mid-April.

(Reporting by Jorge Otaola; Additional reporting by Hernán Nessi; Edited by Eliana Raszewski)

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