Argentina. Despite the national holiday for National Sovereignty Day, local bonds trading on Wall Street rose in price. This led to a 2.5% decrease in the country's risk indicator compared to Friday, when it stood at 651 points. The lowest value recorded so far was in January of this year, when the indicator fell to 560 basis points. The new drop in the indicator aligns with statements by Economy Minister Luis Caputo regarding a potential REPO short-term loan of $5 billion. This aid was intended to cover government maturities in January amounting to $4 billion. According to The Wall Street Journal, international banks are said to have suspended a $20 billion credit. However, Caputo stated that this was because the markets 'reacted very favorably' following the October legislative elections. The victory of the La Libertad Avanza bloc brought calm to the markets. 'We believe it is a better signal to proceed with what we were considering without that additional help,' the official stated. In contrast to bonds, shares of Argentine companies trading on the US exchange had mixed results. Gains were led by Mercado Libre (+2.9%) and Edenor (+2.7%), while IRSA (-2.9%) and Ternium (-1.5%) were among the decliners.
