Argentina Treasury completes USD 620 million bond issuance with sub-8% yield

Argentina's economic stability is deteriorating, marked by confirmed shortfalls in IMF fiscal targets and a 35% default risk. The Milei administration is increasing debt and expanding the budget for key state entities, including intelligence, while facing direct pressure from the IMF for policy shifts. Political fragmentation within the opposition and Milei's efforts to secure gubernatorial support for reelection add complexity to the fiscal challenges.