The reduction of the Country Risk is consolidated: it subtracts 5% and moves away from the 2,100 basic points

He Risk country Argentina returns again this Wednesday, with an important trimming more than 100 basis points.

The indicator of JP Morgan, which measures the differential of the US Treasury bond rate with emerging issues, subtracts 105 units or 5%, to 2,047 basis points.

He Treasury bond from the US to 10 years offered an income of 1,812% annual in dollars. This implies that if Argentina probed a sovereign debt issue with the same duration, today it should offer a return of 22% annual.

The decrease in Country Risk is linked to an improvement in the prices of Argentine debt securities that are traded abroad.

"In the fixed income segment, the Argentine dollar denominated bonds they got recover slightly along the entire curve, "they explained from Personal Portfolio Investments.

For Gustavo Ber, head of the Ber Studio, "the political and economic uncertainty follows the skin between operators, so it continues increasing volatility to the rhythm of the signals that are enhanced in the reaction of the bets of trading following the sensitivity that is currently displayed. "

The analysts of Balanz Capital stressed that "the current scenario continues to show great uncertainty regarding the main actors, Alberto Fernandez, the IMF and private bondholders. "

"Currently the bonds are reflecting a pessimistic scenario, with which we maintain our conservative recommendation when taking positions in Argentine bonds, at least until we have greater certainties, "said Balanz Capital.

The Argentine Country Risk closed in a 2019 maximum at 2,533 points on August 30, after the finance minister, Hernán Lacunza, announce a series of exchange restrictions and the "reperfilation " of short-term debt.

A report of Allaria Ledesma and Company considered that "the Surprising triumph for a high margin of the Fernandez binomial in the primary for President, candidates of the opposition Front of All party, put the panic mode inverters, generating a destruction of value rarely seen in modern world history. "