Buenos Aires, November 21 (NA) – The optimistic climate in the financial market paused this Friday, with stocks and bonds falling as the Country Risk surges. The MERVAL index fell 3.7%, with a negative performance across the entire board. The same is happening with Argentine company ADRs trading in New York, where declines of up to 6% are observed, as in the case of Edenor. Public debt bonds are also trading in the red, pushing the Country Risk to the 655-point zone, reversing the decline that had pushed it below 600 points, as confirmed by Agencia Noticias Argentinas. The downturn coincides with reports that the $20 billion loan from banks would be reduced to $5 billion through what is known as REP. Also impacting the market are rumors about a possible debt swap to face $4 billion in January maturities. Amid the speculation, the national government opts for silence, which deepens the uncertainty and hits the price of bonds. "Excellent question," posted Minister of Economy Luis Caputo, in response to a quote from an 'X' user referencing a Wall Street Journal article suggesting the loan negotiation with banks could fall through.
