Argentine primaries promise more Macri to euphoric markets
Mauricio Macri’s ability to persuade Argentines of the long term benefits of his reforms amid a tough economic environment brought rewards to bond investors this week and left market analysts pleasantly surprised.
Argentina’s century bond hit 7.4%, its lowest yield since it was issued in June at 7.917%, as Cambiemos, Macri’s coalition, enjoyed a better than expected performance at last Sunday’s primaries ahead of October’s mid-term elections.
Investors saw hefty gains across financial assets — including hard currency
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