IMF aid helps Argentine rally

Argentine bonds rallied yesterday as details of $8 billion in IMF aid for the cash-strapped economy, which the government says…

Argentine bonds rallied yesterday as details of $8 billion in IMF aid for the cash-strapped economy, which the government says will quash fears of a debt default, continued to trickle out.

Latin America's markets were mixed , however, as doubts crept across some trading desks that a new multi-billion dollar IMF loan could save recession-hit Argentina from the clutches of a debt default.