UBS strategists are recommending clients go long on Argentina’s 2035 dollar bonds as President Javier Milei’s midterm victory improves the likelihood of reforms and credit-rating upgrades.
- See rally on 2035s lowering yields to 8.3% from 9.5%, strategists led by
Manik Narain wrote in a note Wednesday; stop-loss set at 10.3%- Argentina’s default risk is contained amid strong US support and potentially a return to global markets next year
- Firm sees 2026 GDP growth at 5% and inflation dropping to 17% in 2026 from about 30% this year
- In Latin America, strategists also recommend betting on Brazil’s real against Chile’s peso; ...
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