the managing director says statements from government officials in boy nocera is casting doubt on thetions are just political posturing. casting doubt on the negotiations are just political posturing. argentina wants to restructure 100% of its debt and has asked for a solution. bondsction, argentine have posted the biggest gains in emerging markets. an issue payment on bonds was issued as part of restructuring in 2010. that is your latin american report for this friday. a day after fed chair janet yellen said there is evidence of reach per year old behavior, investors responded by taking on sending junk bonds to a record low. how hungry are people? and should there be concern for systemic risk? >> that is a great question. janet yellen came out yesterday and said she did not see the risk elevating above a moderate risk. the question is, what is going to trigger a mastiff laois and in prices? what is going to trigger these junk bond prices to rapidly decline. >> it depends on your definition of moderate risk, right? >> it depends on a lot of things. risk has doubled in the last six or