After hitting a five-year low, the country’s risk began to rebound and on the previous day it once again approached 1,100 points.
Dollar bonds fall for the third consecutive day on Wall Street and the country risk is close to 1,100 basis points. They had had a strong bullish rally. It happens two days after the Government reported another fiscal surplus and while money laundering is consolidated.
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The falls in sovereign securities occurred on a day in which it was known that JP Morgan, the largest investment bank in the United States, He presented a very positive perspective on Argentina and recommended investing in its bonds.
The entity thus changed its vision of the country, suggested increase exposure to its bonds and warned that there is a “window of opportunity” for Javier Milei to lift the stocks “in the next two quarters.”
The recommendation of the US bank comes days after other international financial entities expressed their change of vision regarding Argentina. In his report titled “Argentina: damn torpedoes, at full speed”, The Wall Street giant highlighted that markets reacted positively to the Milei administration’s stabilization efforts.
Source: Ambito