Bonds rose up to 3.5%, led by the Global 46. Cash with liquid falls to $1,060.
Argentina's sovereign debt in hard currency catapulted between 5% and 5.7%. The country risk, which marks the excess cost of Argentine debt, falls to 1,262 points, a decline of 12.3% in the month and 33.8% this year. The presentation of Minister Luis Caputo reaffirmed the commitment to fiscal adjustment measures. The project includes the introduction of the fourth category of income tax, money laundering, a tax moratorium, a simplified regime for small taxpayers, and a consumer tax transparency regime. The bill could have the support of the dialogue sector of the opposition and several governors and could have a more favorable outlook for the government, according to PPI, a Buenos Aires-based investment firm. The performance of the Globals is explained by almost 90% by the Argentine bond market. They also highlight that since the ballot, "the performance of the Globals has been explained by almost 90 per cent by Argentine bond prices."