Liquidity Injection in the Financial Market

The Argentine financial market received a massive liquidity injection following the sovereign debt service payment made by the National Government on July 9, 2026. According to reports from local media like iProfesional and El Destape, the total amount credited to bondholders ranges between $4.3 billion and $4.5 billion, corresponding to capital and interest maturities of the bonds known as Bonares (AL) and Globales (GD).

This payment reinforces the country's reliability in the eyes of the market. However, while the government hoped that high reinvestment would boost fixed-income prices and lower the country risk below 400 points, part of the funds took a different path. On Monday, July 13, a peak outflow of foreign currency to foreign accounts was recorded for $212.8 million. This occurred in an international context of expected interest rate hikes by the US Federal Reserve, which typically generates outflows from emerging markets. Argentina's country risk stood at 405 points.

The Treasury Seeks Dollars in the Local Market

Amid these movements, the Secretariat of Finance announced a new debt tender for July 15, 2026. The Treasury will offer a new dollar-denominated bond called AO29, with a maximum amount of $2 billion.