Argentine bonds, peso tumble as Wall Street gets a reality check

Argentine bonds, peso tumble as Wall Street gets a reality check

Argentine assets are sliding as lawmakers kick back against President Javier Milei’s package of pro-market reforms designed to drag the serial-defaulter out of its deepening economic crisis. Dollar notes due in 2030 have declined for six of the past seven sessions to about 52 cents, their lowest levels since April. The parallel exchange rate, known as the 'blue-chip swap,' has fallen some 4.6 percent against the greenback in June. Lawmakers are looking to water down Milei’s so-called 'omnibus' bill — …