Argentina Bonds Jump, 2035s Hit Record High on S&P Upgrade

Argentina's dollar bonds rose across the curve, with longer-dated securities gaining more than 2 cents on the dollar after the country secured its second credit-rating upgrade in less than two months. The move signals improved investor confidence in Argentina's sovereign credit profile, though the broader market impact is likely limited to the country's debt complex.

Analysis

Argentina's dollar bonds rose across the curve, with longer-dated securities gaining more than 2 cents on the dollar after the country secured its second credit-rating upgrade in less than two months. The move signals improved investor confidence in Argentina's sovereign credit profile, though the broader market impact is likely limited to the country's debt complex.