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Argentine Bonds Rebound From Lows as Market Weighs Kirchner Move
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Argentine Bonds Rebound From Lows as Market Weighs Kirchner Move
While some investors stressed that the opposition Peronist movement was now more likely to win the election, others argued Kirchner’s decision is a slight positive because it reduces the odds she’d reverse President Mauricio Macri’s market-friendly policies if she won the vote. 'It takes away the risk that you have a problem with a more aggressive Cristina,' said Andres Vilella Weisz, portfolio manager at Balanz Capital in Buenos Aires. Kirchner’s running mate, Alberto Fernandez, is a career politician with no experience on the national ballot.
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