Argentina's global bonds are heading for their worst week in more than a year as global risk appetite collides with increased investor anxiety about next year's presidential election. Benchmark 2035 bonds fell more than 3 cents per dollar, and yields rose from 12.67% last weekend to 13.77% on Friday. According to the J.P. Morgan Chase Index, during the first four trading days of this week, the additional yield required by investors holding Argentine debt increased by nearly 140 basis points to 928 basis points compared to US bonds — more than double its July low.

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