Any sovereign that's trading at sub-60 cents on a dollar is worth a look, and any sovereign that's trading at sub-20 cents on a dollar is almost by definition a buy, Hans Humes, CEO of Greylock Capital, told Real Vision's The Expert View.
Humes said the more politically fraught a situation is, the more difficult it is to ascertain the timing of resolution, but the current sovereign debt landscape represents an ample opportunity for investors, particularly in Argentina.
"The reaction of the market to a threat like Argentina is always a mess. What's been really