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 See a Strong Rally after US Pledges Support
September 23, 2025
Argentina’s dollar bonds rallied sharply by 6-9 points across the curve on Monday after the US pledged strong backing for President Javier Milei’s government ahead of the October midterm elections. US Treasury Secretary Scott Bessent said “all options” are on the table to stabilize Argentina, including swap lines and direct interventions, although concrete measures will follow post meetings with Milei and President Trump. The pledge comes after weeks of steep declines in Argentine assets, fueled by political setbacks and weak economic data. Analysts described the move as a critical “circuit breaker”, offering Milei breathing space to reorient policy. Argentina also scrapped export taxes on grains through the election to boost dollar inflows. However, some investors see a potential US and IMF support as offering only temporary relief unless paired with structural economic adjustments. They do note that the intervention could ease immediate pressures and stabilize sentiment ahead of the vote. The S&P Merval INdex surged by 7.6%, and the peso strengthened nearly 5%.
For more details,click here
Go back to Latest bond Market News
Related Posts:
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.