Argentine ADRs rose to 22% and country risk fell

With the local market closed for National Memory Day, Argentine ADRs on Wall Street shot up to 22% on Tuesday, while Argentine bonds trading in New York also rose. As a result, Argentina’s country risk dropped 93 points to 4,269 basis points, a decline of 2.3%, according to data from rating agency J.P. Morgan.

Source: Ámbito