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A [[debt security]] (because Sovereign | A [[debt security]] (because [[Sovereign|sovereigns]] can hardly issue equity, can they?) issued by a [[sovereign]] entity. | ||
Depending on the credit quality of the | Depending on the credit quality of the [[issuer]], [[govvie|govvies]] can be seen as unimpeachable articulations of the golden mean ([[US T-Bill|US Treasuries]]), as safe as houses (G7 government bonds) or a hair-raising ride through the valley of death (Central and South American government debt, most notably that of {{tag|Argentina}}<ref>Argentina was responsible for the largest sovereign debt default in history — biggest of the '''''seven''''' it has been responsible for in the past 200 years. | ||
[https://qz.com/1274875/how-argentina-went-from-selling-100-year-bonds-to-an-imf-rescue-in-a-matter-of-months/ More information her, for those with a taste for the gruesome].</ref>). | [https://qz.com/1274875/how-argentina-went-from-selling-100-year-bonds-to-an-imf-rescue-in-a-matter-of-months/ More information her, for those with a taste for the gruesome].</ref>). | ||
===Don’t cry for the bond market, Argentina=== | ===Don’t cry for the bond market, Argentina=== |