Argentina’s country risk fell 7.5% after Guzmán’s announcements

Argentina’s country risk fell 118 basis points to 1,996 (7.5%) according to the JP Morgan Plus 11EMJ emerging market bond index on Tuesday afternoon, while the price of over-the-counter government bonds increased 1.7%. Market analysts attributed the good behaviour in the Argentine public debt securities to the favourable reception that was given to Economy Minister Martín Guzmán’s economic proposals sent to the Congress.

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