Argentina Bonds Rebound as Milei Reveals More Details of US Deal

Argentina bonds rallied on Tuesday, erasing earlier losses, after President Javier Milei said the government has secured financing for next year and is working on doing so for 2027.

• Milei, who made the comments in a local TV interview, said the government isn’t giving up its swap lines with China as a result of the deal struck with the US
• Milei also said that he’s going to “recalibrate” his cabinet and that the US support was “geopolitical”
• Bonds rose across the curve, with the notes maturing in 2035 jumped as much as 1.4 cents on the dollar before paring ...