Money managers are piling into Argentina’s local markets, seizing on the steep selloff in the peso and domestic bonds to increase exposure to the country’s assets. Vontobel Asset Management (https://www.bloomberg.com/quote/0312567D:SW) has been buying inflation-linked notes issued by the government — Boncer bonds — while Neuberger Berman (https://www.bloomberg.com/quote/1031231Z:US) has snapped up non-deliverable forwards and local debt. At JPMorgan Chase & Co. (https://www.bloomberg.com/quote/JPM:US), strategists are urging clients to bet on peso-denominated Bontam bonds maturing in December 2026.
Argentina Peso Slump Sparks Global Bond Investors
