Argentina Bonds Have Upside But Better to Wait: Morgan Stanley

Argentina’s bonds still have more upside in a positive scenario, but given the recent volatility, it’s better to wait for clarity around the US announcement of financial aid, Morgan Stanley’s strategist Simon Waever wrote in a note on Tuesday.

• “A credible announcement should help liquidity coming into 2026, the first key market driver. The second driver is the probability of policy continuity post-2027”
• A loan tied to future US investment seems like a more realistic scenario, Waever wrote
• NOTE: Argentina’s dollar bonds and currency were rising for a second day ahead of a highly anticipated meeting between US President Donald ...