Investors in Argentina were riding high yesterday. The country’s currency and government bonds surged after a landslide election victory for President Javier Milei’s party. Investors are betting that the win will rescue Milei’s pro-market reforms and stop a run on the peso. Here to tell us more is the FT’s Ciara Nugent in Buenos Aires. Hi Ciara.

An exchange-traded fund that provides exposure to Argentine stocks surged Monday after the U.S. stock market’s open, attempting its biggest jump ever after [Argentina's president, Javier Milei, triump