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
As the deadline approached for Argentina to fulfill its obligations to bondholders, amounting to billions, President Javier Milei sought assistance from a well-known figure. Bankers at JPMorgan Chase & Co contributed approximately US$340 million as part of a multi-bank repurchase agreement this month, providing Argentina with essential liquidity. The agreement has elevated the bank’s overall … Read more
Ecuador’s notable re-entry into global credit markets is perceived as a positive sign among investors who are keenly anticipating Argentina’s eventual return after years of exclusion from international financing. Ecuador executed a sale of US$4 billion in bonds on Monday, marking its largest global offering to date and its inaugural sale following the debt restructuring … Read more
Argentina’s country risk, as measured by JP Morgan, decreased to 517 basis points on Monday — the lowest level observed since June 2018. The indicator assesses the likelihood of a nation experiencing a sovereign default. A low score, consequently, is essential for reestablishing access to the international debt market. Upon Javier Milei’s assumption of office … Read more
A significant indicator of Argentina’s sovereign risk has decreased to its lowest point in seven years, as the policy adjustments implemented by President Javier Milei’s administration have positioned the country nearer to re-entering international debt markets. The additional yield that investors require to hold Argentina’s sovereign debt compared to US Treasuries of equivalent maturity decreased … Read more
Economy Minister Luis Caputo has indicated that Argentina will seek to avoid issuing debt under New York law in January, aiming to reduce the nation’s “dependence on US Market. We will try to ensure that there isn’t” any new debt under New York law next month, Caputo stated, responding to an inquiry from a user. … Read more