Argentina's bonds jump after pro-dollarization candidate Javier Milei wins presidency

Published on 21 Nov 2023 on Business Insider via Yahoo Finance

Argentina's bonds jump after pro-dollarization candidate Javier Milei wins presidency

Presidential candidate of the Liberty Advances coalition Javier Milei arrives to vote in the presidential runoff election in Buenos Aires, Argentina, Sunday, Nov. 19, 2023.(AP Photo/Matias Delacroix)

Argentina's markets celebrated the election victory of Javier Milei, who ran on a dollarization platform.Bonds saw their highest intraday trade since January, while US-listed stocks surged.But the candidate will still have to face challenges in implementing his reforms.

Argentina's dollar-based markets are swinging up, after libertarian candidate Javier Milei won the presidential runoff election on Sunday.

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Argentina's bonds jump after pro-dollarization candidate Javier Milei wins presidency

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