Argentina Short-Term Repo Rate Falls to 119% in Early Trading

Argentine short-term interest rates slid from record highs in early trading Thursday, with the overnight collateralized peso repo rate — known locally as caucion — falling to 119% from 157% at the close of the previous session.

• The rate hit an intraday record of more than 170% on Wednesday, soaring for a second day from 115% on Tuesday
• NOTE: Argentine Assets Swing on Reports Bessent Lining Up More Aid

To contact the reporter on this story:
Stephen Wicary in Buenos Aires at swicary@bloomberg.net

To contact the editors responsible for this story:
Crayton Harrison at tharrison5@bloomberg.net

Stephen Wicary, Philip Sanders ...