Argentina’s country risk hits its highest level in 11 months

There are two reasons why 2027 is already raising concerns among investors holding Argentine government bonds. The first is that the sources of financing the government of Javier Milei will rely on to meet next year’s debt payments remain unclear, despite the president’s claims that he has a US$125 billion “bazooka” at his disposal to prevent currency runs in 2027. In 2027, the Milei administration will face debt maturities of nearly US$25 billion. Close to US$12 billion is owed to private bondholders, while US$7.5 billion is due to the International Monetary Fund (IMF). The second concern is…