Argentina's sovereign risk premium has reached a historic low, with JP Morgan's country risk indicator falling to 403 basis points on Friday.
The metric, which measures the cost of insuring Argentine debt against default, declined slightly from Thursday's levels, marking another record low during President Javier Milei's administration.
2%. This development underscores the ongoing repricing of Argentine assets as the country navigates its economic transition.
The improvement in risk perception coincided with a rally in Argentine equities traded on Wall Street.
Shares of companies listed in New York rose, led by the banking sector, as investors responded to the stabilizing macroeconomic indicators.
The decline in the risk premium suggests growing market confidence in the government's economic reforms, despite the modest daily drop of just 0.2%.
This development underscores the ongoing repricing of Argentine assets as the country navigates its economic transition.