Bonds and ADRs climbed to 12.4%; country risk dropped 5.2%

Just four days before the deadline for reaching an agreement on the debt swap, Argentina’s bonds and shares accelerated their upward trajectory, with increases of up to almost 13%, given the positive expectations on the restructuring negotiations. The S&P Merval stock index rose 2.3% to 40,286.72 units. Argentine country risk, as measured by JP Morgan bank, fell 5.2% to 2,690 units.

Source: Ámbito