Argentina’s First 2026 Debt Test: A Near-Complete Rollover, At A Steep Price
Key Points Argentina rolled over 98% of its first major 2026 local-debt maturity, avoiding a cash squeeze but paying very high short-term rates. Investors demanded protection: heavy demand for inflation-linked paper and a preference for very short dollar-linked exposure. The result buys near-term stability, yet it sets a tough benchmark for the much larger refinancing […]