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Dollar bonds of state-owned Argentine energy company YPF rallied on the back of two positive updates. First, the nation’s President-elect Javier Milei selected senior energy executive Horacio Marín to lead the company. Marín has lead exploration and production and managed reserves, both in Argentina and Venezuela. His experience of 35 years at gas producer Tecpetrol is said to be a positive and comes at a time when the incoming administration prepares to sell its 51% stake in YPF to the private sector. Separately, Goldman Sachs sounded positive on YPF, changing their view to Neutral from Sell, expecting the new government to focus on free cash flow generation as the state involvement in the company reduces. They believe that the move could drive a turnaround in the company.