President Javier Milei announced on Saturday during the opening of Congress’ ordinary sessions that Argentina is close to securing a new agreement with the International Monetary Fund (IMF). Markets reacted positively, with stocks and bonds rising in early trading sessions, according to reports from market operators.

Bond and Stock Market Rally

• Bonds: Gains exceeding 1% in early trading.
• Stocks: Similar upward movements reported.
• Buenos Aires Stock Exchange: Closed on Monday and Tuesday due to the Carnival holiday, making international market trends even more relevant.

IMF Agreement Signals Confidence

On Friday, the IMF confirmed progress in shaping a program with Argentina, and on Saturday, Milei announced his intention to send the agreement to Congress for approval.

While exact details remain unclear, the initial market reaction suggests that investors see the development as favorable.