Argentina · Markets
Key Facts
—Equity rally: The Argentina Merval index of the Bolsa de Comercio de Buenos Aires gained 5.1 percent in pesos in the week ended May 22, closing at 2,846,220 points and capping a multi-week rally that has reset Argentine equity valuations on Milei-era macro stabilization and improved external-rating prospects.
—YPF 15-year high: The American depositary receipt of YPF, the state-controlled energy company, rose 8.2 percent in the week to close at $47.99, the highest nominal level since March 2011 and a defining marker of the Argentine oil and gas recovery anchored in Vaca Muerta shale operations.
—Country risk drops: The JP Morgan EMBI+ country risk indicator for Argentina fell 24 basis points in the week to 514 basis points, approaching the symbolic 500-basis-point threshold not crossed since 2018 and reflecting sustained sovereign bond performance under the Milei fiscal and monetary framework.
