MNI BRIEF: Brussels To Ease EU Fiscal Rules To Boost Defence

MNI China Daily Summary: Friday, February 14

MNI BRIEF: China Jan Yuan Loans, Financing Beat Expectations

MNI BRIEF: Brazil Outlook Demands 'Higher Doses Of Medicine'

CHINA JAN NEW LOANS CNY5.13 TRLN VS MEDIAN CNY4.53 TRL

MNI BRIEF: China Machinery Expects Stable Trade In 2025

BAKER HUGHES CANADA RIG COUNT 245; OIL RIGS 174; GAS RIGS 71

MNI: BAKER HUGHES US RIG COUNT 588; OIL RIGS 481; GAS RIGS 101

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ARGENTINA: BofA Recommends Long Position In Sovereign Bonds, Due 2030

ARGENTINA
BulletEM BulletEmerging Market News
  • Bank of America recommends a long position in Argentina’s sovereign notes due in 2030 following a correction in bond prices.
    • BofA says that a staff-level agreement with the IMF by March would provide a boost to bond prices in the short-term. In their view, an IMF deal, which could be a $20bn EFF with $5-10bn paid upfront, is not fully priced in.
    • They also believe the market is underestimating scope for further austerity measures from the government and positive surprises from further reforms, including on FX policy.
    • Further bond gains could come when the government taps markets to refinance Eurobond amortisations.
98 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Bank of America recommends a long position in Argentina’s sovereign notes due in 2030 following a correction in bond prices.
    • BofA says that a staff-level agreement with the IMF by March would provide a boost to bond prices in the short-term. In their view, an IMF deal, which could be a $20bn EFF with $5-10bn paid upfront, is not fully priced in.
    • They also believe the market is underestimating scope for further austerity measures from the government and positive surprises from further reforms, including on FX policy.
    • Further bond gains could come when the government taps markets to refinance Eurobond amortisations.