This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Argentina’s Dollar Bonds Rally on Massa Being Touted as Presidential Candidate
June 27, 2023
Argentina’s dollar bonds rallied across the curve after the ruling Peronist Party touted the current Economy Minister Sergio Massa as its main presidential candidate. Massa is considered a centrist on the political spectrum and a proponent of market-friendly policies. Argentina’s presidential elections are due in October and analysts note that he would be a positive outcome for markets. However, they do note that while Massa being elected could spur optimism, it does not necessarily mean speedy and/or adequate reforms. Argentina is currently reeling under triple-digit inflation of 114% with the currency down 31% YTD.
Argentina’s 3.875% 2038s are up 3 points to 35.9 cents on the dollar, yielding 22.6%.
For more details, click here
Go back to Latest bond Market News
Related Posts:
Argentina Closes $45bn Deal with IMF
March 4, 2022
Argentina’s Province Bonds Outperform Sovereign Bond
April 26, 2022
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.