Argentina’s dollar-denominated sovereign bonds rise across the maturity curve after S&P Global upgrades the country’s credit rating. Bloomberg reports that the gains are broad, with longer-dated issues outperforming; 2035-maturity bonds increase by more than 2 cents on the dollar and reach record high levels. The move follows S&P’s decision to lift Argentina’s rating after markets closed on Wednesday, according to the Buenos Aires Times. S&P cites positive fiscal results and measures implemented under President Javier Milei’s administration as part of the rationale for the upgrade. Both reports characterize the action as the second S&P rating improvement for Argentina in less than two months, indicating a recent shift in the credit outlook. The bond rally reflects investors repricing Argentina’s perceived credit risk following the announcement, particularly in the longer-dated segment. The sources do not report any new policy changes or specific bond auction activity tied directly to the trading session, focusing instead on the timing of the rating upgrade and the resulting market reaction.