Macroeconomy/Finance

Argentine country risk closed at 3,999 points and dollar bonds fell 9%.

Country risk as measured by JP Morgan Bank rose 10 points, or 0.2%, to close at 3,999 points, after exceeding 4,000 points during the day. Bonds in dollars fell to 9% after the National Securities Commission (CNV) forced the Common Investment Funds (FCI) in pesos to invest at least 75% of its assets in financial instruments in local currency. The S&P Merval Buenos Aires Stock Exchange and Market (BYMA) index rose by 0.4% to 33,185 units.

Source: Ámbito

Categories: Macroeconomy/Finance