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Argentine investors are scaling back purchases of dollar-linked bonds and moving money into inflation-linked bonds. The shift follows the lack of a peso devaluation after the November congressional elections and the government's pledge that none is planned.
Consumer prices are rising at more than 50% a year.
Lower demand for devaluation hedges reduces near-term pressure on the peso, which slightly eases local feed cost pressure. It does not move global commodity prices.
batimes.com.arJames GraingerJan 19, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
