Argentine Bonds Rally in Early Trading After Two Days of Decline

Argentine bonds rallied across the curve on Thursday, reversing much of the decline the day before, as authorities step up efforts to defend the financial system.

• Notes due in 2035 rose almost 0.8 cent to trade at about 56 cents on the dollar
• The central bank stepped in Wednesday to offer a swap of the shortest dollar-linked notes, which are maturing at the end of October, for longer-term securities, according to people with direct knowledge
  • NOTE: Argentina’s Central Bank Offers Swap of Short Dollar-Linked Debt
• The US also raised its quota on beef imports from the Latin American nation
  • NOTE: ...