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Dollar bonds of Argentina continued to march higher across the curve, reaching near record highs. Reuters notes that the move comes on the back of positive investor sentiment that President Javier Milei’s administration which has been in power since December, will be able to transform the Argentine economy. The newly elected President has focused on austerity with Argentina posting its first monthly fiscal surplus in over ten years in January. Argentina’s bonds have been the third best performing EM bonds this year, with Ecuador and Pakistan leading the tables.
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