Lat Am in good shape despite Argentina chaos

Storm (230x150)
By Oliver West
23 Aug 2019

Bond investors say that market sentiment in Latin America has emerged mostly unscathed from brutal sell-off in Argentine assets over the last two weeks and that the tone should be positive going into a busier period in September.

Incumbent Mauricio Macri suffered a heavy defeat in Argentina’s presidential primary elections on August 11, triggering panic among investors fearing a return to anti-business policies and the possibility of a bond default. But though other Lat Am bond spreads initially widened slightly, markets have been calm since.

“In ...

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