Argentinian bonds have recorded declines for three consecutive days, while the country risk has increased to 1,200 points. This negative scenario is set against a worldwide unfavorable context characterized by the rise in U.S. Treasury bond rates. Traders anticipate fluctuations in stocks and sovereign bonds due to their prices reaching historic levels, driven by the fiscal surplus achieved by the government of Javier Milei.
On the other hand, the success of the capital repatriation process has contributed in recent weeks to improving the prices of Argentine public securities. Currently, emerging market bonds are experiencing a slight negative trend, partly due to the rise of the 10-year U.S. Treasury bond rate in the last five days, reaching a high of 4.20%.
Additionally, a shift in polling suggesting a possible victory for Donald Trump in the November 5 elections is putting pressure on the bonds, as it is expected that the Republican candidate's policies will increase the inflation rate.
