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Argentina’s Country Risk Falls to Nine‑Month Low After Debt Auction as FX Quotes Ease

A strong debut auction under finance chief Alejandro Lew rolled over 111% of maturities to boost confidence.

Overview

  • JP Morgan’s country risk gauge dropped 5.9% to 621 points, the lowest since January 31, as dollar bonds advanced for a second session.
  • The Treasury raised 8.50 trillion pesos, renewing 111.17% of obligations in its first sale under Alejandro Lew with longer terms and lower rates.
  • Banco Nación’s dollar closed at 1,425 for purchase and 1,475 for sale after a 10‑peso decline.
  • Parallel and financial quotes eased but remained fragmented: blue in Buenos Aires at 1,420/1,440, Córdoba at 1,439/1,455, MEP near 1,481, CCL around 1,498.80, and crypto at 1,476/1,495.
  • Taxed consumer rates stayed far higher, with ahorro/tarjeta around 1,917.50 for retail dollar purchases and card spending.