Monday Meeting: Wall Street Banks to Monitor Government Bonds and Investments

Wall Street Banks Meet with Argentine Officials amid Economic Uncertainty after Political Defeat

After the defeat of the ruling party in Congress and amid uncertainty in the market due to the fall of its first law, Wall Street banks are set to meet with Argentine government officials to discuss Javier Milei’s program, bond prospects, and possible investments.

Leading the visit will be representatives from Barclays, Bank of America, Citigroup, Goldman Sachs and HSBC, along with a group of clients (mostly investment funds) who will speak with officials from the Executive, Ministry of Economy and Central Bank, as well as businessmen and economists.

Investors will come to “monitor” the sovereign bonds that several funds bought last December. With Milei’s rise to power and her promises to advance a shock plan, dollar titles rose up to 14%, but last week they fell to almost 7% after the setback suffered by the omnibus law and the war unleashed with governors. The visit aims to contact potential investors with businessmen and some authorities. There is interest in rediscovering Argentina, although with great caution.

BlackRock bought last week US$ 1.8 million of Bopreal dollar bond with which government seeks regularizing commercial debt of companies. JP Morgan estimated double-digit inflation until first quarter and warned that lack of support from Congress suggests that administration should recalculate its political strategy opening door for more difficult period that could lead greater volatility impacting exchange rate gap. BlackRock bought last week US$ 1.8 million of Bopreal dollar bond with which government seeks regularizing commercial debt of companies. In recent days, larger banks in U

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