Interest Rates

Pre-auction Argentina peso debt rates hit record high

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A sharp rise in borrowing costs comes as the government prepares for a peso debt auction Wednesday to roll over US$17.4 billion in maturities, or a third of the economy’s money. On Monday, yields on the Argentine government’s short-term notes reached unprecedented levels, occurring merely two days prior to an auction by the Treasury that … Read more

Argentina's Banks Struggle with Liquidity

Argentina’s Banks Struggle with Liquidity as Peso Yields Surge

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Soaring interest rates on peso notes are putting banks under pressure as a liquidity crunch unfolds, driven by government actions to defend the local currency. The interest rates on Argentine peso notes are experiencing a significant increase, exerting pressure on banks in the context of a liquidity crunch that has arisen from government initiatives aimed … Read more