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Markets Ease as Argentina Prepares December Extraordinary Sessions for Budget and Reforms

Recent bond gains plus a lower risk premium follow Economy Minister Luis Caputo’s pledge to keep the dollar within bands, giving room for a legislative drive.

Overview

  • Risk premium dipped below 600 points as official and financial dollar rates edged lower and sovereign bonds advanced after Caputo reaffirmed the exchange‑rate band system.
  • The administration is lining up extraordinary sessions in December to take its 2026 Budget to the floor, with labor, tax and penal changes scheduled for debate on a timeline that could extend into February.
  • New Interior Minister Diego Santilli began outreach to governors, while Buenos Aires province formally sought a meeting to demand reactivation of public works and repayment of funds it estimates at nearly 13 trillion pesos.
  • The Federal Oral Tribunal No. 4 ordered former planning minister Julio De Vido to appear on Thursday for detention after the Supreme Court left his four‑year fraud conviction in the Once rail case firm.
  • Prosecutors raided the office of Rosario federal judge Gastón Salmain in an abuse‑of‑authority probe tied to a $10 million official‑rate currency purchase during capital controls; separately in Cuba, the oral trial of ex‑economy minister Alejandro Gil opened on espionage and financial crime charges.