In November 2021, following an election in which his party had lost, Argentina's President announced that the country would shortly reach an agreement with the International Monetary Fund (IMF) to pay...

Extracted text: In November 2021, following an election in which his party had lost, Argentina's President announced that the country would shortly reach an agreement with the International Monetary Fund (IMF) to pay back USS17 billion in debt it owed to the IMF. In the sovereign bond market, the following likely occurred: a) The risk on Argentinean debt fell, its yield rose, and its price fell. b) The risk on Argentinean debt rose, its yield rose, and its price fell. c) The risk on Argentinean debt fell, its yield fell, and its price rose. d) The risk on Argentinean debt rose, its yield fell, and its price fell.