Overview
- The JP Morgan 'riesgo país' dropped to roughly 852–853 basis points after foreign institutional rebalancing pushed up Globales and Bonares and reversed part of the prior spike near 939 points.
- The Central Bank bought USD 29 million on the market during the reopening, raising November purchases to USD 80 million while gross reserves fell to about USD 49.33 billion after recent payments.
- Official exchange references held steady with Banco Nación at ARS 1,520/1,570 and the mayorista near ARS 1,544–1,545 while the informal blue dollar ticked up toward ARS 1,565–1,570 and MEP/CCL levels stayed close.
- International shocks contributed to volatility: a larger-than-expected U.S. October CPI boosted Fed-rate expectations and the dollar, and local trading reopened with thin volumes because of holidays in Argentina and the U.S.
- Near-term risks remain high because the Treasury faces concentrated peso maturities at the end of November and mid-December and analysts warn the government must show clearer proof of refinancing capacity ahead of the 2027 election.