Argentina's Country Risk closed on Thursday, February 19, 2026, at 524 basis points, up from the previous close of 515 points. This rise occurred amid a decline in dollar-denominated sovereign bonds, both locally and on Wall Street. The JP Morgan-measured indicator highlights market volatility and focus on the country's public accounts.
Argentina's Country Risk recorded an increase on Thursday, February 19, 2026, closing at 524 basis points according to Rava Bursátil data. The index started the day at 518 points and reached a high of 524 toward the end of the session, marking a rise of 9 units from the Wednesday, February 18 close of 515 points.
This movement aligned with a pullback in the pricing of global and Argentine sovereign bonds, amid external volatility and scrutiny over the state's payment capacity. The devaluation of these assets raised the interest rate spread, directly affecting the indicator.
Over the past week, the Country Risk showed marked volatility. On Thursday, February 12, it stood at 514 points, after dipping to a low of 497 points that day. From Friday, February 13, to Tuesday, February 17, it fluctuated between 511 and 519 points, with a high of 526 on Tuesday before closing at 511. Wednesday, February 18, closed at 515, and Thursday, February 19, confirmed the rise to 524 points.
The Country Risk, or EMBI compiled by JP Morgan, measures the spread between yields on dollar bonds from emerging markets and U.S. Treasury bonds. Each 100 basis points equates to an additional 1% interest that the country must pay on its debt. A high value signals greater investor distrust in economic and political stability, making financing more expensive for the state and private companies.
