Argentina Dollar Bonds Hold Rally as Trump Downplays Bailout

Argentine bonds trimmed earlier gains but remain the best performers in emerging markets on Tuesday, after US President Donald Trump stopped short of providing details about financial aid promised to the South American country.

• Dollar notes maturing in 2035jumped as much as 2.7 cents on the dollar, before paring the advance to 1.7 cents to trade above 58 cents, according to indicative pricing data compiled by Bloomberg
  • The peso closed up 2.8%, after earlier gaining as much as 4.3%
• NOTE: Trump offered broad support for Argentina’s leader Javier Milei in New York during their first bilateral meeting, but downplayed ...