Markets: Argentine bonds began October on a downward trend and country risk rose again

Argentine bonds opened October on a downward trend, accompanied by a renewed increase in the country risk index, according to financial reports from Buenos Aires.

The local market activity was conditioned by broader international financial pressures, specifically a new spike in US bond yields driven by a widespread sell-off in fixed-income assets. This global shift negatively impacted business across various stock exchanges, with major Wall Street indices exhibiting declines by midday.

Simultaneously, European markets experienced significant downturns, highlighted by the Spanish stock exchange registering a 2.17 percent drop—its largest daily decline since early July—returning closing levels to those last seen in June due to banking sector setbacks.