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
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.