Argentina’s president Javier Milei. Photo: Getty
Bloomberg
It took less than a week, and a landslide defeat for free-market reformer Javier Milei, to make Morgan Stanley abandon its bullish call on Argentina.
The Wall Street bank, alongside rivals including Bank of America and JPMorgan Chase advised clients to buy the government’s bonds before a key local election in Buenos Aires this weekend, betting that the president’s recent political stumbles had already been priced in during sell-offs that swept through the nation’s financial markets the past few months.
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