Argentina's country risk, measured by JP Morgan, closed at 506 basis points on February 11, 2026, following January's 2.9% inflation data. The indicator shows relative stability amid stock market declines and analysis of persistent inflation. The market exhibited volatility, with the S&P Merval dropping 1.4%.
On February 11, 2026, Argentina's country risk settled at 506 basis points at the close of trading, according to Rava Bursátil data. The index started the day at 507 points, hit a high of 510, and a low of 506. This marks a slight weekly rise of 3.23% from 504 points on February 9, breaking the stability seen at the end of January when it dipped below 490 points. It began the month at 495 points and averaged 571 points at the start of the year, indicating an improvement in solvency perception.
The shift occurred amid January's 2.9% inflation reported by INDEC, above market expectations. Firms like JP Morgan forecast inflation above 2% monthly in the first half, fostering investor caution on economic recovery and fiscal targets. Meanwhile, sovereign bonds showed mixed movements, with marginal declines in titles like the Global 2046, and leading stocks fell in Wall Street and locally.
The country risk, formally the Emerging Markets Bond Index (EMBI), measures the interest rate spread between dollar-denominated bonds of emerging countries and U.S. Treasuries, in basis points where 100 equals 1%. A level of 506 means Argentina pays about 5.06% more interest than the U.S. to borrow, reflecting market confidence in its repayment capacity.
In parallel, the Treasury rolled over more than 100% of maturities in an auction, awarding $9.02 trillion from $11.51 trillion in offers, with rates up to 39% annually. The Central Bank purchased $214 million that day, raising gross reserves to $45.307 million and accumulating $1.906 million for the year.
