Argentina's country risk index closed on Friday, November 14, 2025, at 612 basis points, down 0.65% from the previous day. This decline occurs amid market optimism following the announcement of a commercial agreement with the United States. Sovereign bonds rose, reflecting greater investor confidence.
The country risk, a key indicator compiled by J.P. Morgan that measures the yield differential between Argentine sovereign bonds and U.S. Treasury bonds, recorded a 0.65% decline, equivalent to 4 points lower than the Thursday, November 13 close of 616 basis points.
This development fits into a volatile but downward-trending week. On Monday, November 10, the index broke below 600 points, reaching a low of 596, driven by optimism over the government's sovereign debt buyback and expectations of reserve accumulation. However, on Wednesday, November 12, and Thursday, November 13, it rebounded, closing at 616 units, attributed to profit-taking and initial enthusiasm moderation.
The announcement of the commercial agreement with the Donald Trump administration boosted Argentine stocks trading on Wall Street, with strong gains in export-linked companies on the local Buenos Aires market. Analysts emphasize that consolidating macroeconomic stability and securing legislative agreements will be crucial to sustaining this improvement. The indicator, expressed in basis points where 100 equal a 1% additional interest rate, reflects the market's perceived default risk and impacts financing costs for the Argentine economy.
The current trend of calm and optimism persists, with sovereign bonds showing gains on Friday.