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Argentina Sets Return to Global Bond Markets as Peso Rates Hold Steady

Investors are focused on reserve performance following an IMF warning.

Overview

  • Official Banco Nación dollar stands near ARS 1,470 for sales, with the blue around ARS 1,430, CCL near ARS 1,510 and MEP in the ARS 1,468–1,478 range.
  • Country risk eased to roughly 634 basis points as local markets reflected a calm week in exchange pricing.
  • Authorities announced a formal re-entry to international debt issuance with a tender scheduled for next week.
  • The IMF cautioned that meeting Argentina’s year-end reserve target will be difficult, focusing market attention on external buffers and the exchange framework.
  • Regional currency moves tracked a softer U.S. dollar, with Mexico’s FIX near MXN 18.2910 and Peru’s central bank buying US$294 million to support the sol.