Photo: Buenos Aires TimesPhoto: Buenos Aires TimesArgentina
Argentina's country risk climbs to highest level since October 2025 midterms
Rising sovereign risk and bond selloff raise investor concern over Argentina's access to credit ahead of next year's presidential election.
What happened
Argentina's country risk brushed 940 basis points this week, its highest level since the October 2025 midterm elections. 24EcoNews Argentine global bonds were heading for their worst week in over a year as a global retreat from risk collided with investor anxiety over next year's presidential election. Buenos Aires Times The benchmark 2035 note lost more than three cents on the dollar, pushing its yield to 13.77 percent on Friday from 12.67 percent at the end of the previous week. Buenos Aires Times The country risk index rose to 939 points around the US midterm elections, according to data cited by local financial outlets. vespernews.com
Around it
The spread over US bonds widened almost 140 basis points to 928 in the first four days of the week, more than double its July low, according to a JPMorgan index. Buenos Aires Times The selloff reverses a trend that began in July, when country risk touched an eight-year low of almost 400 basis points and investors anticipated a return to international capital markets, but the government opted against issuing foreign debt. Buenos Aires Times Officials in Buenos Aires argued that Washington's interest in Argentina has persisted across US administrations and should not be read as contingent on any single party's control of Congress. vespernews.com The official dollar closed Friday at $1,570, a gap of barely 8% against the parallel rate, which an analysis describes as the government deliberately managing the exchange rate. 24EcoNews
Sources
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Photo: The Rio Times
Photo: The Rio Times