Argentine Bonds Decline on Concern Debt Deal Will Fail

Argentina’s dollar bonds slipped as comments by officials fueled concern the country won’t be able to reach an accord with holdout creditors that would keep it from defaulting.

Notes due in 2017 fell 0.59 cent to 95.61 cents on the dollar at 4:07 p.m. in New York, the lowest level since July 8, after Cabinet Chief Jorge Capitanich said the onus was on bondholders to collect interest after Argentina was prevented from paying. President Cristina Fernandez de Kirchner said she invites holdouts to swap bonds under the same conditions the country offered in its 2005 and 2010 debt restructurings.