# Bonds fall, peso seen steady as capital controls begin | Buenos Aires Times

> Money managers sold Argentina's Eurobonds after the government imposed capital controls on Monday. The 2028 euro-denominated notes fell 5.1%, and peso futures priced the currency at 59.5 per dollar versus over 65 the previous Friday. About US$3 billion left foreign currency reserves in two days.

- Date: 2019-09-02 · published 2019-09-02T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/57374-bonds-fall-peso-seen-steady-as-capital-controls-begin-buenos-aires-times
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Reserve losses and capital flight limit Argentina's ability to finance imports and maintain trade, which can disrupt feed and grain flows. Analysts expect the controls to last a long time.

## Read by commodity

- USDARS: neutral

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/bonds-fall-peso-seen-steady-as-capital-controls-begin.phtml

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