Argentina Bond Investors Cheer Milei Victory; Peso May Drop

(Bloomberg) — Argentina investors cheered libertarian economist Javier Milei’s bigger-than-expected win in Sunday’s presidential vote and his pledges to usher in a radical remake of South America’s second-largest economy.

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The country’s overseas bond due July 2035 rose 0.6 cent on the dollar in early European trading on Monday, with two other securities among the top 20 performers in emerging markets, as traders weighed the maverick outsider’s chances of…

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