UPDATE 1- Argentine bonds soar on greater risk appetite

martes 15 de septiembre de 2009 16:50 ART

BUENOS AIRES, Sept 15 (Reuters) - Argentine bonds closed 3.9 percent higher on average in over-the-counter trade on Tuesday as demand from foreign investors rose due to an increased global appetite for risk.

The J.P. Morgan Emerging Markets Bonds Index 11EMJ, which measures the spread between the country's benchmark bonds and comparable U.S. Treasuries, was last down 60 basis points to 749, its lowest in 12 months.

(Reporting by Jorge Otaola; Writing by Vivianne Rodrigues; Editing by Dan Grebler)