Argentina's country risk indicator, compiled by JP Morgan, closed at 504 basis points on Monday, February 9, 2026, following a recovery day for sovereign bonds. The drop was driven by gains in dollar-denominated public securities and a stable exchange environment. The Central Bank built reserves exceeding 45 billion dollars.
Argentina's country risk recorded a notable decline on Monday, February 9, 2026, closing at 504 basis points according to JP Morgan and Rava Bursátil data. The indicator started the session at 512 points and hit an intraday low of 501 before stabilizing. This movement marks one of the month's largest drops, driven by gains of up to 1.3% in dollar-denominated sovereign bonds, such as the Globales 2046.
The financial day was marked by a fall in dollar quotations and foreign currency purchases by the Central Bank of the Argentine Republic (BCRA), which raised net reserves above 45 billion dollars. These elements improved the risk perception of local assets in international markets, with Argentine ADRs on Wall Street rising up to 7.1%.
Over the past week, the country risk showed moderate volatility above 500 points. On Wednesday, February 4, it stood at 502 points, while on Friday, February 6, it closed at 512. At the end of January, it had dipped below 500 points near 474, but external factors like nervousness in technology and artificial intelligence companies caused a rebound. Analysts note that fiscal discipline and currency accumulation curbed upward pressure.
The country risk, measured as the interest rate spread between Argentine bonds and U.S. Treasuries, gauges debt default perceptions. Levels above 500 points raise financing costs for public and private sectors. Stable countries like Uruguay keep indicators below 150 points, and a reduction in Argentina would ease credit access and investments.
