Argentina's sovereign risk falls to 405 points, lowest since 2018

Argentina's JP Morgan sovereign‑risk index slipped to 405 basis points, the lowest level recorded since 2018. The decline followed the government's presentation of a 2026‑2027 financial programme aimed at assuring debt‑service capacity without new international issuances.

In the foreign‑exchange market the retail dollar closed at 1,515 pesos, up 0.3%, while the MEP dollar rose to 1,530.90 (+0.4%) and the CCL dollar to 1,575.70 (+0.71%). Argentine sovereign bonds under local law mostly edged higher: AL41D and AL35D gained 0.7%, while AL29D fell 0.1%; global‑currency bonds fell as much as 0.8%, exemplified by GD46D.

Argentine ADRs listed in New York traded lower in line with the Dow Jones, with the biggest losers being Cresud (‑4.5%), Irsa (‑4.1%), Loma Negra (‑4%) and Grupo Financiero Galicia (‑3.6%). Gains were recorded by Globant (+2.3%), YPF (+2.2%) and Tenaris (+0.8%). The Buenos Aires Stock Exchange's S&P Merval fell 1.33% to 3,223,998 points, while the broader S&P BYMA index slipped 0.74% to 134,912,603 points. Loma Negra and Cresud led the declines, while YPF and Pampa Energía posted the top gains.