Country risk nears 650 points amid external pressure

Country risk is approaching 650 points, driven by high oil prices, elevated interest rates in the United States, and unfavorable polling for the ruling coalition. Higher interest rates abroad increase financing costs for countries like Argentina and exert downward pressure on local bonds and stocks.

As country risk rises, Argentine dollar-denominated bonds are losing value, and Merval-listed stocks may also face pressure. If you have exposure to local assets, it is a good time to closely monitor developments in the external environment.