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Morgan Stanley reversed its bullish prediction on Argentinan government bonds following Javier Milei's landslide election loss. The bank, along with Bank of America and JPMorgan, had previously advised clients to buy Argentine bonds, anticipating that recent market selloffs had already factored in President Fernández's political setbacks. Milei's defeat, however, prompted a swift change in outlook.

Prepared by Lauren Mitchell and reviewed by editorial team.