The country risk has fallen for 7 days and is about to hit the lowest value of the Milei management

The drop in this index, which measures the extra rate that Argentina must pay over United States bonds, which are considered the safest, is due to the rise in bonds Argentines in dollars. this friday advance 0.50% a Wall Street. In the month, the country risk falls 13.9%.

Also the actions Local companies listed on the New York Stock Exchange are trading in green, with Telecom in the lead with a rise of 6%, in a start in which the indices also rose close to 0.50% Dow Jones y Nasdaq in the United States.

In Buenos Aires, the Stock Market rises 0.84%also with Telecom at the head, followed by Banco Macro and the energy companies YPF, Edenor and TGN.

The financial tailwind began in early May, with the improvement in the rating of Argentine debt by Fitch. Then, the Monetary Fund approved the last review and released the US$ 1 billion committed, which increased the reserves. Finally, on Wednesday and Thursday the Treasury managed to renew 114% of debt maturities without paying significant premiums.

“In the last two weeks, the country risk went from 550 basis points to piercing 500 points at the close of Thursday, driven by a better global context, better data on local economic activity in recent days and signals about financing for this year’s maturities,” IEB explained in its weekly report.

Along with a new floor for country risk, another milestone could occur this Friday: reach US$ 10,000 million purchased this year in reserves, and thus achieve the reserve goal set in December for all of 2026. It has already raised US$9,686 million, 97% of that amount.

On Thursday, the Central Bank accelerated its pace of dollar purchases and totaled US$ 447 million and accumulated US$ 2,526 million in May, the second best month of the year in terms of dollar purchases. In the year

At Banco Nación, The official dollar is trading at $1,430the same as Thursday’s close, while the wholesale, which banks and companies operate, rises 0.14% to $ 1,412.