On Wednesday, Argentina’s sovereign bonds fell to a record low, as faster inflation swells the government debt burden. Foreign reserves are falling and the peso is weakening on the parallel market. The nation’s $16.1 bonds due 2030 fell 0.3%, the lowest since they were issued almost two years ago. Spreads over US treasury yields surged to their widest since the nation exited its default in 2020, up 280bps this month.