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Argentina's central bank offered to swap some of its one-month Lebac securities to spread out debt payments. The move aims to improve the debt profile after peso-denominated Lebac holders gained the right to demand settlement.
Smoothing Lebac maturities eases pressure on the peso and reserves, which can support Argentine import demand and currency stability for feed buyers sourcing Argentine meal and grain.
reuters.comMay 23, 2018Not 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.
