Banks and funds in Argentina are telling clients to ease off short-term bonds with interest payments linked to inflation. Recession forecasts and a shrinking amount of money in circulation, as well as a narrowing gap between Argentina’s exchange rates and cooling inflation expectations, are driving investors to ease off inflation bonds.Until recently, investors were comfortable positioning themselves in inflation-linked bonds with annual price gains topping 250%.
February 27, 2024
SOURCE: BNN BLOOMBERG
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