Locals Fuel Argentine Bond Swings as Bessent Stokes Chaos (2)

Argentine bonds have swung on every headline that has peppered trading screens over the past two weeks in a frenzy of volatility. Some investors see local traders behind many of the moves as foreigners hold tight.

The country’s dollar notes, which saw their biggest rally in three years last week, came close to erasing all the advance in the next few days before rebounding once again. The driver was always the same: news on possible US aid for the administration of President Javier Milei.

No day was the roller coaster more evident than on Thursday, when the bonds ...