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Reports Suggest New Aid Program Being Discussed With IMF

ARGENTINA
  • ARGENTINA IS SAID TO BE NEGOTIATING NEW AID PROGRAM WITH IMF (BBG)
  • From the Bloomberg story: "The Fund is pushing the government to let the currency devalue faster under its so-called “crawling peg,” and keep interest rates above inflation, currently running around 250%, the official said, asking not to be identified discussing sensitive talks."
  • Argentina bonds initially jumped on headlines with bonds due in 2030 rising 0.8%.

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