Global financial journals reflect the answer …

The race for the separation of Argentine bonds and equities, in the midst of the biggest daily devaluation of the dollar since the establishment of the Mauricio Macri government, has been reflected by the main financial means of the world after the crushing defeat recorded by the formula macro-economic of the OSP. "The Argentine peso crushes," Reuters said, while Bloomberg said "Argentine badets are crumbling." The Financial Times added the increase in the cost of defaults coverage to the list of warnings. Analysts from investment banks around the world, such as Credit Suisse, have also lamented.

Financial Times

"Argentine badets fall after the fall of Macri in the primaries. Argentine currency fell and the cost of insurance against a default was inflated after opposition candidate, Alberto Fernández, won the primaries, fueling the worry of a populist return. "

"The results have led to speculation about the loss of market-friendly President Mauricio Macri in October. The Argentine peso recorded a significant fall early in the day. The difference in price at which operators were willing to buy and sell was unusually high, reflecting the stressful situation in the market "

"The price of the cover against a defect exploded on Monday."

Reuters

"The besieged Argentine peso has collapsed to 30.3% to hit a record 65 pesos per dollar on Monday after the worst-than-expected performance in the primary market-friendly president Elections, Mauricio Macri."

"The results raise serious doubts about the chances of Macri's reelection in October"

"Argentina is in recession with inflation exceeding 55% after more than three years of Macri policy. Investors, however, consider that the Fernández / Kirchner duo is riskier than the free market supporter, Macri. "

Swiss credit

"Another episode of deep and lasting financial instability that disrupts the recent downward trend in inflation, increased confidence and a recovery in economic activity could increase voter frustration at the same time. Macri and erode their support. "

Amherst Pierpont Securities

"Markets are likely to panic on Monday, and bond prices could fall as investors begin to expect a high probability of default."

"Now, Fernández's job is to calm the markets or to inherit an ungovernable country."