Global financial volatility — and especially the swings in the U.S. Treasury market, the global economy’s bellwether — risks impeding one of the Argentine government’s central goals: a return to international debt markets.
“The current level of long-term U.S. bond yields matters because it marks a shift in the global price of money,” Auxtin Maquieyra, commercial manager at the brokerage Sailing Inversiones, told the Herald.
“When the risk-free rate goes up, every financial asset in the world has to reprice: stocks, corporate credit, emerging-market debt, and sovereign bonds,” he added.
This past week, 10-year Treasury yields hit their highest level since early 2025. The 30-year yield, meanwhile, is at its highest point since 2007, just before the global financial crisis.
The impact on Argentina
