Argentina's Peso Debt Yields Soar to Record Ahead of Key Auction
The yield on Lecap notes maturing Sept. 12 jumped to 65%, its highest level since the instrument was first issued a year ago and up from 46% at the start of August, according to data compiled by Bloomberg. Interest rates on other Lecaps also jumped.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 minutes ago
- Yahoo
Brazil's Lula speaks with China's Xi on BRICS, bilateral opportunities
BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva spoke with his Chinese counterpart Xi Jinping on Monday, his office said, adding the two spoke for an hour during which they discussed bilateral business and the role of the BRICS group of states. "Both agreed on the role of the G20 and BRICS in defending multilateralism," the presidency said in a statement. "Both presidents also highlighted their willingness to continue identifying new business opportunities between the two economies." Lula said last week he would initiate a conversation about how to tackle Trump's tariffs with BRICS nations, after Trump dubbed the group "anti-American" and threatened them with additional tariffs.
Associated Press
34 minutes ago
- Associated Press
Photos of mourning for Colombian Sen. Miguel Uribe, who died 2 months after shooting at a rally
BOGOTA, Colombia (AP) — Colombian mourned Miguel Uribe, 39, an opposition senator and presidential hopeful who died after being shot at a political rally two months ago. Uribe was shot three times while giving a campaign speech in Bogota and had been in intensive care since the attack. Uribe's wife Claudia Tarazona and father Miguel Uribe were among the attendees as his coffin was carried through Congress in Bogota. This is a photo gallery curated by AP photo editors.
Bloomberg
an hour ago
- Bloomberg
Bond Traders' High Hopes for September Rate Cut Hinge on CPI
Bond investors betting on a Federal Reserve interest rate cut next month face a potential roadblock: inflation. July's consumer price index, due on Tuesday, will give traders clues on how President Donald Trump's tariffs are affecting costs. Economists surveyed by Bloomberg expect the annual core inflation rate to rise to 3%, the highest since February.
