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(Bloomberg) -- Analysts and investors welcomed the prospect of radical change in Argentina after firebrand libertarian Javier Milei won Sunday’s presidential vote, while warning about the deep challenges facing the man who will take over an economy with triple-digit inflation and stalled growth.Most Read from BloombergMicrosoft Ends Weekend of OpenAI Drama With Coup of Its OwnThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse

(Bloomberg) -- Bond investors have been burned repeatedly in Argentina, which has defaulted on its debt nine times since winning independence in 1816. Now, just days ahead of a crucial presidential vote, another crisis is brewing.Most Read from BloombergHamas Chief Who Deceived Israel Is Target No. 1 Deep UndergroundBiden, Xi Declare Progress After Concluding Four-Hour SummitXi Says China Seeks to Be Friends With US, Won’t Fight ‘Hot War’Israel Latest: Biden Defends Hospital Raid, Says Hamas Unb

Plan to repurchase US$1 billion of overseas bonds meets the definition for a default, according to Moody’s.

/PRNewswire/ -- Stone Harbor Investment Partners, an affiliated manager of Virtus Investment Partners, Inc. (NASDAQ: VRTS) and Virtus ETF Solutions have...