Burned and Trapped, Bondholders Dust Off Guide to Flee Argentina.

(Bloomberg) -- For the bravest, most risk-tolerant investors out there -- shops like Franklin Templeton and Pimco -- the Argentine trade the past few years was to dive into the local market and scoop up peso-denominated bonds. Some foreign investors, most notably Pacific Investment Management Co., latched onto local floating-rate bonds that track the country's monetary policy rate, making them the world's top-paying bond. [Extracted from the article]