Markets: after agreeing with the IMF, bonds rise and country risk falls
After weeks of uncertainty and political tensions, President Alberto Fernández announced this Friday that the Government had reached an agreement with the International Monetary Fund (IMF). During the pre-market, the market reacted enthusiastically: bonds are on the rise and country risk broke through the 1,900-point barrier.
In the first trades of the day, the index produced by the JP Morgan fell 17 units (-0.9%) and stood at 1,889 basic points. This rise is driven by bonds from the latest debt swap, which are up more than 10%.