Argentina country risk nears 700bps despite equity gains; BCRA extends dollar buying streak

Argentina's country risk rose 0.3% to 674 basis points, approaching the 700 threshold, even as Argentine ADRs on Wall Street mostly advanced. Local bonds were mixed, while the central bank (BCRA) extended its dollar purchase streak to 17 consecutive sessions, indicating ongoing intervention. The divergence between equity strength and rising sovereign risk suggests persistent external financing concerns despite market optimism.