Overview
- Treasury will auction a four-year dollar bond (BONAR 2029N) on Wednesday with a 6.5% coupon, local law and USD subscription and payment.
- Economy Minister Luis Caputo says proceeds target more than US$4.2 billion in January maturities as part of a plan to “pay old debt.”
- INDEC will publish November CPI on Thursday, with private estimates at 2.3%–2.5% and food, fuels and regulated tariffs cited as key drivers; the REM projects 30.4% annual inflation for 2025.
- The President convened extraordinary congressional sessions for December 10–30 to seek approval of the 2026 Budget and reforms, with the budget assuming 5% GDP growth, 10.1% inflation and a year‑end exchange rate of 1,423 pesos per dollar.
- Real‑economy and liquidity pressures persist, with a UIA survey showing 47.5% of industrial firms facing payment difficulties and consultancies estimating net reserves near −US$17.2 billion, roughly US$14.1 billion short of IMF targets.