Argentina's country risk index, measured by JP Morgan, closed at 549 basis points on Thursday, April 23, 2026, up 14 units. Local markets fell in line with Wall Street volatility and US-Iran geopolitical tensions. Sovereign bonds dropped an average of 0.7%.
JP Morgan's EMBI+ index, measuring Argentina's debt premium over US Treasuries, rose 14 units to 549 basis points at the close of trading on April 23. This level marks a high since April 10, when it hit 553 points, as reported by Perfil and other financial media.
Dollar-denominated sovereign bonds fell an average of 0.7%, with notable drops in Global 2038 (-0.8%), Global 2046 (-0.8%), and Global 2041 (-0.7%). The S&P Merval deepened its decline by 2.3% to 2,831,848.54 points, while ADRs on Wall Street tumbled up to 7%, led by BBVA (-6.9%) and Grupo Financiero Galicia (-5.9%).
The uptick occurred amid global caution over US President Donald Trump's threats to Iran, which warned of keeping the Strait of Hormuz largely closed except for authorized vessels. This drove oil above $100 per barrel and painted international stock markets red, impacting Argentine assets.
In the prior week, country risk had fluctuated from near 519 points, breaching 530 before partially stabilizing.
