CORRECT: BofA Says Go Long Argentina’s 2046 Dollar Bonds

(Corrects the type of bonds cited in third bullet point.)

• Bank of America recommends buying Argentina’s sovereign bonds due in 2046 over those due in 2035
• Trade offers a lower-cost option on Argentina, BofA analysts Lucas Martin, Jane Brauer and Sebastian Rondeau write in an April 11 note to clients
• Says that its increasingly more likely that the country remains current on its Eurobonds for longer
• Despite the bond’s “longer final maturity,” they “have front-loaded cash flows” compared with securities due in 2035
  • BofA closed their trade recommendation to buy notes due 2035 in an earlier note published ...