Political Tumult Hits Argentina's Markets: Bonds Drop and Risks Soar

INSUBCONTINENT EXCLUSIVE:
pension formula, expected to draw up to 0.4% of GDP, has sparked concerns.Simultaneously, Argentine debt securities plummeted, with the
struggled to recover from their sharp falls.This situation highlights the persistent volatility driven by economic and political
2038 by 2.5%, and Bonar 2029 by 1.8%.On the other hand, Global 2041 and Bonar 2030 bonds achieved gains of 0.6% and 0.2%, respectively.At
the Buenos Aires Stock Exchange, the Merval index aimed for stability after a rocky start
Ternium and Sociedad Comercial del Plata shares dropped by 2.1% and 2%, respectively.Meanwhile, Banco Macro and BYMA experienced lesser
declines
Conversely, shares of Edenor, YPF, and Loma Negra indicated a possible recovery with notable increases.In the U.S., Argentine companies on
Wall Street demonstrated resilience, recovering from earlier losses
Edenor led with a 4% rise, closely followed by gains in YPF and Loma Negra.President Javier Milei, in a dynamic exchange with business
addressed.Despite recent market instability, the forex market has remained relatively steady
Financial dollars, crucial for businesses and exporters, dipped but stayed above 1,300 pesos.The blue dollar, a key parallel exchange rate,
held firm, showcasing the ongoing financial resilience in Argentina.This narrative transcends mere statistics; it reflects the real impact