The sell-off in Argentina’s debt amid a dramatic shift in expectations ahead of the country’s presidential election next year has gone too far, according to Morgan Stanley.
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Morgan Stanley estimated that, in three months, the weight of a post-presidential financial stress or default scenario jumped from 11-20% to 41%-52% in debt prices; the financial program is complicated
The fall of Argentine bonds in recent months has gone too far. That is the conclusion of a report by Morgan Stanley. The investment bank maintains that the market overreacted to the deterioration of expectations in the face of the presidential elections of October 2027. According to the report released by Bloomberg, signed...