Bonds rise and Country Risk falls while the Government finalizes details with the IMF

The market continues to support President Javier Milei's economic model as negotiations with the International Monetary Fund (IMF) progress to strengthen reserves and accelerate the lifting of currency controls.

This Friday, Argentine bonds in dollars rose again by an average of 1.5%, while the country risk fell to 692 points, its lowest level since February 14.

The market is closely monitoring the negotiations with the International Monetary Fund (IMF), which could bring fresh funds to bolster the Central Bank's reserves and give a key boost to the economic normalization process.

"Beyond the political tug-of-war, investors maintain an optimistic view of the economy, and the expectation of an agreement with the IMF adds even more confidence," explained economist Gustavo Ber.

Meanwhile, Minister Caputo confirmed that the program with the IMF is already defined and in the process of approval. "We have modeled different scenarios, and the IMF's technical staff agreed. Now the board must give the green light," he detailed in statements.

The official emphasized that this agreement is key to "strengthening the Central Bank's balance sheet, consolidating financial stability, and advancing with currency deregulation."

In the foreign exchange market, the free dollar closed unchanged at $1,215, its lowest level since February 11, while the wholesale dollar rose two pesos to $1,066.50. The exchange rate gap narrowed to 13.2%, the lowest since December 20.

The trading volume in the foreign exchange market reached USD 679.3 million, and the Central Bank sold USD 224 million, reducing its net buyer balance in March to USD 190 million. Reserves fell by USD 93 million, standing at USD 28,087 million, due to maturity payments and variations in asset valuations.

On the stock exchange, the S&P Merval fell 0.3% to 2,262,289 points, affected by Wall Street's volatility. However, despite stock market fluctuations, investors remain focused on macroeconomic stability and the possibility of lifting currency controls before the end of the year.

As Milei's government advances its structural reform plan and negotiates with Congress for support for the IMF agreement, markets continue to respond with confidence.

The sustained reduction in country risk and the strengthening of bonds reflect that Milei's Argentina continues to restore financial credibility.