Argentina’s local debt auction on Wednesday did not meet market expectations, as President Javier Milei’s administration managed to roll over only 61 percent of maturities in a crucial auction. Analysts suggest that this outcome may lead to a depreciation of the peso. The Treasury executed a rollover of 9.1 trillion pesos from the 15 trillion … Read more
IMF gives President Javier Milei’s government grace on a crucial benchmark target, allowing it to continue its US$20-billion lending package. The International Monetary Fund has provided Argentina with some leeway regarding a critical benchmark, following the country’s failure to meet the target this month. Argentina must now increase its net hard-currency reserves to a negative US$2.6 … Read more
Argentina’s bonds experience an uptick following the introduction of new measures aimed at attracting foreign currency. The Central Bank has introduced a series of measures designed to assist the nation in accumulating additional hard-currency reserves. On Tuesday, Argentina’s bonds experienced an uptick following the Central Bank’s announcement of a series of measures designed to bolster the nation’s … Read more