After a decisive win by La Libertad Avanza (LLA), international bonds and local stocks jumped while the peso strengthened against the US dollar.
Argentina’s bonds, stocks and currency are surging after President Javier Milei’s party won an overwhelming victory in a Sunday midterm election, a key requisite to keep economic reforms on track and a United States financial backstop in place.
On Monday, international bonds rallied between 9 and 13 cents each, local stocks jumped over 20 percent and the peso strengthened some 6 percent to the dollar, halving its initial rally.
Official results in Argentina’s Sunday legislative elections show voters strongly backed Milei’s free-market reforms and deep austerity measures, with inflation falling sharply since
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