Overview
- The J.P. Morgan country risk index rose to roughly 556–566 basis points, reaching its highest level in months and reflecting a sharp increase in the extra cost investors charge for Argentine sovereign debt.
- Argentine dollar bonds and U.S.-listed ADRs slid on global rate and commodity moves, with several long-dated sovereign issues and equity receipts posting notable declines on Wall Street.
- The central bank's gross reserves fell by about US$281 million and its reported FX intervention was minimal, with purchases of roughly US$6 million that left official liquidity thin.
- Informal and financial dollar rates climbed: the blue dollar traded near $1,560 and CCL, MEP and crypto-linked rates also moved substantially above the official peso exchange rate, widening exchange-rate gaps.
- Markets cited higher U.S. yields, a near 4% rebound in oil on Middle East tensions and domestic political signals — including an unannounced investor meeting by Economy Minister Luis Caputo in New York — as drivers that raise short-term financing and policy risks and could complicate the government's upcoming budget and debt plans.