News of markets

Argentina’s black-market peso slumps to record ahead of holidays

29-12-2022 15:33 Argentina's black market exchange rate plunged to a record low this week, with the blue dollar hitting 357 pesos per greenback.

Venezuela’s nine-cent bonds lure a distressed-debt veteran

28-12-2022 14:16 Trader raising money to buy defaulted Venezuelan bonds amid signs of easing tensions between President Nicolás Maduro, the political opposition and the United States.

Argentina AySA deal said to have critical mass to deter holdouts

03-12-2022 08:14 Any creditors considering holding out for a better deal in a debt restructuring offer from Argentina’s state-owned water utility AySA should probably think again. 

Brazil protesters block roads, airport as Bolsonaro stays silent

01-11-2022 11:57 Protests led by truck-drivers escalate; Bolsonaro has refused to make any public comment after losing the presidential run-off to Lula by less than two percentage points – the narrowest margin for a presidential election in the country’s modern history.

Investors dodge Argentina bond pain by buying up YPF, provinces

27-09-2022 13:18 Quasi-sovereigns posting best returns in emerging markets; Meanwhile, Argentina’s sovereign bonds slumped more than 35%.

Argentine bond rebound stalls as new minister faces a mountain to climb

18-08-2022 16:53 Initial market confidence in Sergio Massa has faltered. New “super” minister must prove he can turn his promises to slow inflation into reality, as debt rebound decelerates.

Markets react negatively to change of economy minister

04-07-2022 17:30 The peso depreciated sharply against the dollar in the informal market on Monday as investors reacted to the appointment of Silvina Batakis as economy minister.

Argentina’s black market peso sinks on economy minister shake-up

04-07-2022 14:16 Argentina’s black market exchange rate tumbled on Monday after left-leaning economist Silvina Batakis was appointed as the new economy minister.

'Blue dollar' continues to rise amid financial turbulence

28-06-2022 17:46 Parallel dollar quoted at 239 for sale, reaching 242 in some provinces; Country risk soars to record high.

Argentina, always playing on ‘hard mode’

18-06-2022 08:00 Just like during the Mauricio Macri days, a series of external shocks coupled with domestic weakness have made us aware of a troubling thunderstorm on the horizon.

by Agustino Fontevecchia

Argentina’s bonds slump below 30 cents on doubts over IMF deal

21-01-2022 18:18 Argentine bonds are testing new lows as concern grows that the government will struggle to reach a refinancing deal with the International Monetary Fund before large payments come due in March.

Argentine traders bail on devaluation bets, buy inflation bonds

19-01-2022 14:53 Traders are rapidly scaling back purchases of local dollar bonds and instead are plowing money into inflation-linked bonds, a better haven as they see it as consumer prices soar at an annual pace of more than 50 percent.

Argentine stocks bet on government to suffer setbacks in vote

11-11-2021 15:20 Argentine stocks have posted the world's biggest rally this month as investors increase bets that this weekend's midterm elections will strengthen the power of the opposition.

Currency turbulence continues: Blue dollar closes at 199

05-11-2021 18:26 In the last three weeks, the 'blue' dollar has soared 15 pesos, widening the gap over the official exchange rate and adding to inflationary pressures.

Argentina investors got election wish, then got hammered anyway

04-10-2021 10:01 Argentina’s primary election went just the way investors wanted, but since then bonds have taken a nose dive.

Argentina’s CNV mulls allowing foreign listings on local markets

02-10-2021 07:56 National Securities Commission calls for public consultation to potentially allow foreign issuers to list securities on Argentina's local markets.

Bonds rally on opposition gains in primary vote

13-09-2021 11:22 Argentine bonds rose on Monday morning after opposition candidates performed better than expected in the PASO primary elections.

In oddball Argentina, provinces seen as safer than sovereign

23-08-2021 13:10 Over the past three months, overseas bonds issued by provinces have handily outperformed sovereign counterparts, cementing their status as the preferred choice for investors.

Yields topping 14% lure investors to world’s best utility bond

14-07-2021 10:14 The world’s best performing utility bonds come from an unlikely corner of emerging markets – Argentina.

‘Experts in regulated markets’

03-07-2021 23:22 Argentina’s ‘experts in regulated markets’ are making big bets just at the right time.

by Agustino Fontevecchia