Argentina Bonds Surge After Milei Midterm Win
Argentina's dollar bonds saw a significant surge on Monday following President Javier Milei's strong performance in the legislative elections.
The bonds' increase was driven by Milei's better-than-expected showing, which alleviated investor concerns about the potential stalling of his economic overhaul plans for the crisis-prone nation.
- Dollar bonds rose, with notes due in 2035 increasing by more than 13 cents to a record 70.34 cents on the dollar.
- The country's bonds led gains among emerging-market peers.
Argentina’s dollar bonds soared on Monday as President Javier Milei’s strong showing in legislative elections beat even the most bullish of forecasts.
Author's summary: Argentina bonds surge after Milei wins midterms.