Argentina's country risk closed on Wednesday, January 7, 2026, at 575 basis points, up 13 units from the previous day. The confirmation of a US$3,000 million REPO loan sparked initial optimism, but global volatility and Wall Street declines reversed the trend. The indicator hit an intraday low of 548 points before rising.
The country risk, measured by JP Morgan, recorded a 2.3% increase on Wednesday, January 7, 2026, closing at 575 basis points according to Rava Bursátil data. It opened at 562 points, fell to a low of 548 points after the Central Bank's announcement of a US$3,000 million REPO loan with international banks to cover short-term debt payments, but closed higher due to poor global market performance and declines in New York Global sovereign bonds, which lost up to 0.3%.
Over the past week, the indicator showed volatility due to expectations of debt maturities on January 9. On Friday, January 2, it started at 553 points, down 3.20%; on Monday, January 5, it rose to 566, on Tuesday, January 6, it fell to 562, and now rose to 575, a net +4 points from December 31, 2025 (571 points). It remains at eight-year lows, far from the 1,500 points in September 2025.
The country risk measures the spread of Argentine sovereign bond rates versus U.S. Treasury bonds, expressed in basis points. Since October 2025, JP Morgan changed the methodology, excluding Argentine bonds from the EMBI+ and using daily closes from the EMBI Global Diversified. Eugenia Muzio commented: “No hay mucho apetito en volver a apostar a la curva soberana de bonos”. This level affects the cost of credit for the state and companies, indicating perceived default risk.
