Argentina’s dollar bonds fluctuated after U.S. Treasury Secretary’s conflicting statements on financial support. The 2030 maturity traded flat after an initial rise. Market uncertainty over U.S. backing and Milei’s reforms led to recent market falls. Peso weakened 6.7% this week. U.S. government shutdown adds to concerns over Argentina’s plans.

Milei’s reforms face uncertainty ahead of mid-term elections. U.S. support aimed at buying time may not be enough. Argentina’s temporary suspension of export taxes on grains calmed markets but raised questions among U.S. Republicans. Washington’s polarization complicates potential bailout scenario. Market expects devaluation post-elections.

U.S. support for Argentina questioned by market participants. Lack of details and government shutdown weigh on bond prices. Milei’s aggressive reforms prompt market volatility. Market testing U.S.’s resolve to assist Argentina. Concerns over reforms and U.S. backing impact financial markets.

Read more at Yahoo Finance: Argentina’s bonds wobble with eyes on US Bessent’s support pledge