Argentine assets continued to suffer the impact of the war in the Middle East on Tuesday, as sovereign dollar-denominated bonds tumbled on Wall Street, pushing country risk to its highest level since mid-December. Major European stock exchanges extended their downward trend, Wall Street fell sharply, and oil prices surged once again. Country risk hits yearly highIn line with investors’ flight from riskier assets, Argentina’s dollar sovereign bonds posted steep losses. The situation caused country risk to jump 4.8% and reach 594 basis points, its highest level since mid-December, when it briefly fell below the 600-point mark. While the war brings additional complications for Argentina’s country risk — a crucial factor for the government’s ability to regain access to international debt markets — the indicator had already begun to stall in recent months.

Source: Bueno Aires Herald March 04, 2026 04:11 UTC