Analysis-Argentina election lures risk-taking investors to long-odds gamble


  • World
  • Monday, 09 Oct 2023

FILE PHOTO: Waste recyclers look through a landfill for cardboard, plastic and metal to resell as Argentines face a deep crisis marked by one of the world's highest inflation rates, in Lujan on the outskirts of Buenos Aires, Argentina October 5, 2022. REUTERS/Agustin Marcarian/File Photo

NEW YORK (Reuters) - Argentina's presidential race is enticing some risk-taking investors to place bets despite the long odds that a new government can steer South America's second-largest economy out of its deep crisis.

While most traders are waiting on the sidelines, anxious about the election and unsure of libertarian frontrunner Javier Milei, some daring bond investors are moving in.

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