JPMorgan Chase & Co. is betting the world’s biggest bond gains are far from over.
The biggest drop in iron-ore prices in five years is a signal to Barclays Plc and Seaport Group that Vale SA’s outperformance in the bond market is about to end.
"Untendered debt prices have weakened since the swap announcement as the principal thesis for their purchase-- a near term settlement at or near the holdout creditors' award-- has been negated."
- Michael Roche on Aug 21, 2014
Seaport’s Roche Traces Steps in Argentine Debt Default (Audio)