Sovereign bonds recorded a 3% increase in New York, and country risk is close to breaking the psychological barrier of 1,000 points
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The international financial market began the day with positive signals for Argentine debt.Sovereign bonds rose by around 3% on Wall Street, driving a reduction in country risk that was on the verge of breaking through the 1,000 basis points mark.
The EMBI+ indicator, prepared by JP Morgan, dropped 88 units to 1,001 points, after several sessions in which it had comfortably exceeded that threshold, considered critical by analysts and global investors.
Political effect and market reaction
The reaction of the markets is directly linked to the political scenario. On September 8, following the ruling party's electoral defeat in Buenos Aires, country risk had climbed above 1,000 points. Now, the movements show a recovery in the prices of foreign law bonds, known as "Globales," which narrowed the spread with United States debt.
Rally de los bonos: suben otro 3% y el riesgo país cae hasta los 1.001 puntos básicos
According to financial operators, the relationship between political uncertainty and the pricing of Argentine assets remains a determining factor in the market's assessment. This Tuesday, the indicator even briefly fell below the 1,000-point threshold.
Volatility context and expectations
Although the current level is far from the 560-point low reached on January 9, the recent decline shows that investor confidence is largely sustained by international financial support and the relative calm in the exchange market observed in recent days.
The stabilization of the dollar and the expectation of new external support contributed to improving risk perception and strengthening the rebound of public securities.
Rally de los bonos: suben otro 3% y el riesgo país cae hasta los 1.001 puntos básicos
Outlook for the coming months
The contrast between the January low and subsequent peaks reflects the weight of political factors in the evolution of country risk. Both local consulting firms and major international financial companies continue to closely monitor the relationship between electoral results, management announcements, and bond performance.
The markets' focus remains on the Government's ability to guarantee macroeconomic stability, while the drop in country risk toward 1,000 points is seen as a sign of short-term relief.
