ARArgentine bonds rose on Wall Street, pushing the country's risk rating to 501 points, just above the 500-point threshold. The indicator, compiled by J.P. Morgan, fell 11 points, or 2.1%, reaching its lowest level since August 17. This improvement occurred despite negative performance in major U.S. indices. Sovereign bonds showed broad gains, up to 0.7%, despite rising yields on U.S. Treasury bonds, which typically pressure emerging market debt. Among the best-performing titles were Global 2029, Global 2030, and Global 2046, while Global 2035 and 2038 rose 0.4%. Argentine stocks also closed higher, with the S&P Merval index rising 0.5% and the dollar-denominated index gaining 0.6%. Leading companies like Central Puerto and Pampa Energy saw significant gains. Argentine ADRs listed in New York also mostly rose, contrasting with the negative trend in major U.S. indices.
Bias read (Center): The article provides a factual account of financial market movements without overtly favoring any political stance. It reports on bond prices, stock indices, and economic indicators without editorializing or emphasizing particular political narratives.
