Argentina · Markets
Key Facts
—Risk premium back near 550 basis points. The gauge sat around 547 to 548 on Tuesday, a sixth consecutive daily rise, after touching a four-month low of 496 on May 11.
—The driver is in Washington, not Buenos Aires. The US 10-year Treasury yield hit 5.18%, its highest since July 2007, lifting the benchmark off which Argentina’s spread is measured.
—The peso held steady. The official dollar stayed at 1,420 pesos for sale, with the MEP at 1,429.88 and the parallel financial rate at 1,486.62, a stable gap.
