# Argentina Bonds Jump as Economy Minister Startles Markets With $1 Billion Buyback

> Argentina's international bonds jumped to their highest in over a year after the government announced a surprise plan to repurchase about $1 billion of 2029 and 2030 notes. The $16.1 billion 2030 bonds rose as much as 3.2 cents to above 36 cents on the dollar, while reserves stand near $6.08 billion.

- Date: 2023-01-18 · published 2023-01-18T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/38060-argentina-bonds-jump-as-economy-minister-startles-markets-with-1-billion-buyback
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

The buyback is a sentiment-driven financial move that briefly improved Argentina's risk perception, with limited direct effect on feed or grain supply and prices.

## Sources

- bloomberglinea.com: https://www.bloomberglinea.com/english/argentina-bonds-jump-as-economy-minister-startles-markets-with-1-billion-buyback/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.