Argentina country risk falls to 609 as bonds rebound after debt auction

Argentine markets stabilized on Tuesday as country risk dropped to 609 points from over 640 on Monday, with the Merval nearly flat and bonds rebounding. The government achieved a 100.08% debt rollover but at higher-than-expected rates, while Buenos Aires economic activity contracted 0.2% quarter-on-quarter. The easing suggests improved sentiment, but higher borrowing costs and weak activity signal persistent fiscal and economic strains.