The Country Risk Index fell to 596 points, the lowest value since January of this year. The decline is a consequence of the continuous appreciation of Argentine bonds, since the victory of Javier Milei. In addition, it influences the government's decision to announce a bond buyback plan. On the other hand, the imminent communication of the trade agreement with the United States also contributed. At the start of the session this Monday, public bonds advance up to 1.4% (AL35 and GD35), continuing the bullish rally that began on Monday, October 27. For this reason, the indicator prepared by JP Morgan, falls to the lowest value since January 14 of this year (at that time it reached 579 points). During his visit to the United States, the Minister of Economy, Luis Caputo, reiterated that the government will advance in a sovereign bond buyback plan, which was well received by investors. They are also accompanied by actions, given that the MERVAL of the Buenos Aires Stock Exchange advances 2.8%, again driven by banks. The situation is different at the start of the ADRs that trade on Wall Street, where declines predominate, at least in this initial stretch of the operations.
