# Argentine financial markets jittery over October elections uncertainty — MercoPress

> Investors are pricing higher risk into Argentine local-currency bonds, with the yield spread over US-issued bonds roughly doubling in a month. Stubborn inflation, weak growth and peso outflows are adding pressure on President Macri ahead of October elections. Bankers fear political upheaval if economic problems derail his reelection plans.

- Date: 2019-03-27 · published 2019-03-27T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/60375-argentine-financial-markets-jittery-over-october-elections-uncertainty
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Peso outflows and rising political risk weaken the currency, which raises Argentine production costs in dollar terms and can accelerate farmer selling of soybeans and corn. That selling tends to add supply to world feed-grain and soymeal markets.

## Read by commodity

- USDARS: bullish ▲

## Sources

- en.mercopress.com: https://en.mercopress.com/2019/03/27/argentine-financial-markets-jittery-over-october-elections-uncertainty

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