Officials in Argentina are starting to prepare the country’s return to international bond markets. Their hope is that markets keep moving in their favour so they can sell the bonds by the start of next year, according to people familiar with the matter who asked not to be identified because the discussions are private.
Whether they ultimately do or not, that they’re even considering the possibility underscores the magnitude of the country’s turnaround over the past two months.
In September, panic swept through Argentine markets as investors feared that President Javier Milei’s fiscal-austerity programme would be undone by an increasingly emboldened opposition in Congress. The peso plummeted and the country’s dollar bond yields skyrocketed over 17 percent, prompting US President Donald Trump administration to rush emergency aid to Milei to curb the sell-off.
That gambit wo
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