Standard & Poor’s upgraded Argentina’s credit rating from CCC+ to B- on Thursday, igniting a surge of optimism in the local market. Dollar-denominated sovereign bonds experienced significant increases, while the country risk index fell dramatically to 444 basis points, marking its lowest point since May 2018. The local S&P Merval index experienced an increase of … Read more
La Rioja Governor Ricardo Quintela has declared that his administration will reintroduce quasi-currency as a means to finance forthcoming wage increases. The news arrives as the provincial economy continues to be in default with international markets and confronts a contraction in federal revenue transfers. In 2024, La Rioja introduced quasi-currency for the first time in … Read more
Argentine provinces are accessing global bond markets at the quickest rate in almost ten years, while the federal government remains focused on short-term debt in the domestic market due to investor concerns regarding the upcoming 2027 elections. Chubut, Cordoba, and other provinces, together with Buenos Aires City, have collectively issued bonds amounting to US$2.3 billion … Read more
Global financial volatility — particularly the fluctuations in the U.S. Treasury market, a key indicator of the global economy — poses a significant threat to one of the Argentine government’s primary objectives: re-entering international debt markets. “The current level of long-term U.S. bond yields is significant as it signifies a transition in the global cost … Read more
Argentina’s recent credit upgrade is stimulating speculation that the nation may have another opportunity to access international markets following a missed chance in early 2026. According to investors, Fitch Rating’s decision to elevate the country’s credit score to ‘B-‘ may drive spreads back toward the multi-year lows observed in January. President Javier Milei may find … Read more
There is increasing apprehension in the bond market regarding the potential fatigue of Argentines with President Javier Milei and his ambitious economic reform initiatives. Only six months following the unexpected triumph of Milei’s party in the midterm elections, concerns regarding his future have resurfaced, as recent polls indicate that his approval rating has reached its … Read more
Argentina sold US$150 million of a dollar-denominated bond on Friday to measure investor interest in financing the government beyond President Javier Milei’s first term. According to the Economy Ministry, the October 2028 local-law bond yielded 8.9%. The bond has a maximum approved size of US$2 billion but will be issued weekly in tranches of up … Read more
As President Javier Milei engages with investors in New York to generate interest in Argentina’s resurgence, the progress surrounding the country’s bonds has significantly slowed. Despite the achievements – his administration has managed inflation, is restoring Central Bank reserves, and easing currency controls; it has also sanctioned a long-anticipated labor reform – Argentina’s bond spreads … Read more
Investors from T. Rowe Price Group Inc. to TCW Group Inc are adopting a strategy that is swiftly gaining traction in emerging markets: channeling funds into Latin American countries that align with US President Donald Trump. Investment professionals at these firms are showing a preference for government bonds from countries like Ecuador and Argentina, where … Read more
According to a source, Argentina’s Treasury is gathering greenbacks in preparation for a big bond payment that is due this week. These greenbacks are being acquired by the Treasury in order to acquire dollars that are entering the local market thanks to the privatization of hydroelectric power facilities. According to a source, the Treasury Department … Read more