Argentine Bonds Extend Rally as Kicillof Sparks Deal Optimism

Argentine bonds surged the most since October, extending a rally sparked by Economy Minister Axel Kicillof’s comments that resolving a decade-long dispute with creditors is inevitable.

Dollar bonds due 2033 jumped to 99 cents on the dollar at 3:13 p.m. in Buenos Aires, extending their two-day gain to 3.525 cents. Kicillof was quoted in La Nacion newspaper Tuesday saying that while negotiations failed last year with investors who sued the country over its $95 billion default in 2001, the two sides should “sit down again at some point.”