Argentina-linked assets kept sliding at the start of the week, with sovereign spreads near six-month highs, the peso under pressure, and local equities extending losses on recessio
Argentina-linked assets kept sliding at the start of the week, with sovereign spreads near six-month highs, the peso under pressure, and local equities extending losses on recession fears after July's steep drop in activity. The Treasury did manage to place the equivalent of several billion dollars in a debt auction, a sign domestic funding channels remain open even as sentiment sours. With poverty back above 30% and elections approaching, attention is on whether officials move to manage dollar demand, while the president's planned meeting with the French leader and investor outreach adds a diplomatic layer to the picture.
Sources
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