CORRECT: Argentine Dollar Bonds Hit New Highs on Policy Shift

Argentine US dollar bonds reached the highest levels since the Latin American nation restructured its debt in 2020, after the government moved to loosen restrictions on currency trading and build reserves.

• Yields on notes due in 2035 — a benchmark for the foreign-law dollar curve — slid to 9.74% Thursday, with the bond trading at 74.4 cents
  • The yield had climbed as high as 17% in the months leading to the midterm elections on Oct. 26
  • Yields on notes maturing in 2030 also touched lows this week, reaching 8.83%
• Central bank FX-policy changes, announced on Monday, aimed to accumulate $10 ...