ARGENTINA obbligazioni e tango bond vol(2)

🇦🇷🇺🇸 Gli asset argentini hanno registrato un balzo importante dopo che gli Stati Uniti hanno promesso sostegno finanziario al presidente Javier Milei, nel tentativo di arginare il crollo dei mercati prima delle elezioni di metà mandato. I bond in dollari con scadenza 2035 sono saliti di quasi 9 centesimi a oltre 56 centesimi, mentre l’S&P Merval ha guadagnato fino all’8,1%. Il Tesoro americano, tramite Scott Bessent, ha dichiarato di essere pronto a utilizzare “tutti gli strumenti di stabilizzazione”, segnando un cambio di tono che gli analisti interpretano come un supporto strategico di lungo termine. Tuttavia con rendimenti ancora sopra il 16% e il peso reduce da settimane di forte pressione, la sostenibilità del rally dipenderà dai dettagli concreti dell’intervento USA e dalle prospettive politiche interne. Le elezioni di ottobre si profilano come catalizzatore chiave per la traiettoria economica del Paese.
 
Pres Trump offers to support Milei but stops short of providing details about financial aid. Says he does not think they need a bailout but US will help
 
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Yesterday,
@POTUS and I spoke extensively with President @JMilei and his senior team in New York. As President Trump has stated, we stand ready to do what is needed to support Argentina and the Argentine people.

Under President Milei, Argentina has taken important strides toward stabilization. He has achieved impressive fiscal consolidation and a broad liberalization of prices and restrictive regulations, laying the foundation for Argentina’s historic return to prosperity.

The @USTreasury stands ready to purchase Argentina’s USD bonds and will do so as conditions warrant. We are also prepared to deliver significant stand-by credit via the Exchange Stabilization Fund, and we have been in active discussions with President Milei’s team to do so.

The Treasury is currently in negotiations with Argentine officials for a $20 billion swap line with the Central Bank. We are working in close coordination with the Argentine government to prevent excessive volatility.

In addition, the United States stands ready to purchase secondary or primary government debt and we are working with the Argentine government to end the tax holiday for commodity producers converting foreign exchange.

Argentina has the tools to defeat speculators, including those who seek to destabilize Argentina’s markets for political objectives. I have also been in touch with numerous US companies who intend to make substantial foreign direct investments in Argentina multiple sectors in the event of a positive election outcome.

The Trump Administration is resolute in our support for allies of the United States, and President Trump has given President Milei a rare endorsement of a foreign official, showing his confidence in his government’s economic plans and the geopolitical strategic importance of the relationship between the United States and Argentina. Immediately after the election, we will start working with the Argentine government on its principal repayments.

I will be watching developments closely, and the Treasury remains fully prepared to do what is necessary.
 

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