Argentina's country risk index moved above 900 points on Thursday, edging toward territory associated with default, according to La Política Online. The rise came as Argentine bonds sold off, with Clarín reporting that the bonds "sank" and drove the measure sharply higher.
The index is a gauge investors use to price the perceived danger of holding Argentine debt. La Política Online framed the 900-point level as approaching a default zone, though the reports summarized here did not specify the threshold used for that label.
Coverage pointed to pressure on several fronts at once. Página|12 described a loss of credit and confidence alongside an accelerating outflow, while Infobae reported that the government's response to the Wall Street slump and the jump in country risk was to argue for being "more orthodox than ever." TN reported on the same session's trading in the country risk measure, the dollar and equities.
The reports do not detail the size of the bond decline or the specific drivers behind Thursday's move. What they do show is a market repricing Argentine assets while officials signal no intention of changing course.
Watch whether the index holds above 900 points in the sessions ahead, and whether the government's stated commitment to orthodoxy is matched by any concrete policy step.
