Country risk has exploded and passed the 700-point mark

Before the ghosts of the return of exchange rate instability, the indicator measured by the bank JP.Morgan increased by 15 units to 710 basis points. This is the maximum level since mid-September, after the mega-devaluation.

November 27, 2018

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Before the ghosts of the return of instability of exchanges, Argentine country risk, measured by the JP Morgan bank, increased by 15 units to 710 basis points. This is the maximum level since mid-September, after the mega-devaluation.

After the increase of more than one peso in the exchange rate, the indicator that measures the extra interest that each country pays to finance itself in the international market has crossed the barrier of the 700 points. In October and so far in November, he had parked in a 600-point range.

Uncertainty surrounding next year's presidential elections widens the differential between 2019 repayable bonds in Argentina and other bonds, which expires when a new mandate is in place. Between 2019 and 2021, the gap reached 500 basis points.

READ MORE: How much has the dollar closed in banks and exchange offices?