Argentina Country Risk Rises to 595 After Caputo-IMF Meeting

Argentine country risk climbed to ~595 bps following Finance Minister Caputo's meeting with the IMF, while equities (Merval +0.8%, ADRs up to +2.6%) advanced and sovereign bonds mostly fell. The divergence suggests investor caution on fiscal sustainability despite equity optimism. The meeting's outcome remains unclear, with market participants awaiting concrete IMF program details.