Argentina Country Risk Today
Argentina Country Risk — Reference and BT Estimate
Latest published Argentina country-risk reference, historical chart and BondTerminal intraday estimate with a per-bond breakdown.
In Spanish-language sources this measure is known as the riesgo país — the same metric is tracked on the Spanish-language page Riesgo País Argentina.
To compare this spread against ratings, macro indicators and sovereign peers, use BondTerminal's Argentina Sovereign Monitor.
What is Argentina country risk?
Country risk measures the premium Argentina pays to borrow in US dollars relative to US Treasury bonds. It is expressed in basis points (bps), where 100 bps = 1%.
Global investors also call this the sovereign credit spread or the EMBI Argentina — synonyms describing the yield premium on Argentina's USD-denominated bonds over the US Treasury curve.
How is it calculated?
The BT estimate solves each bond’s exact semiannual Z-spread over the US Treasury zero curve from the latest cable price, then combines the bonds using renormalized EMB portfolio weights.
To compare the underlying Argentine sovereign bonds side by side, open the Argentina sovereign bond comparables.
Bonds included in the calculation
Data sources
Bond prices: IOL and stored market history. US Treasury curve: Treasury.gov (primary) with FRED as fallback.
Frequently asked questions
- What is Argentina's country risk?
- Argentina's country risk (riesgo país, EMBI Argentina) is the spread of Argentine USD sovereign bonds over US Treasury bonds, expressed in basis points (bps).
- What is Argentina's country risk today?
- Published reference for Argentina country risk: 490 basis points as of Sep 4, 2026; -4 bps versus the previous close of the same series.
- How did Argentina's country risk close?
- Published reference for Argentina country risk: 490 basis points as of Sep 4, 2026; -4 bps versus the previous close of the same series. The previous close of the same series was 494 basis points.
- How does the BT estimate differ from the published reference?
- JPMorgan EMBI indices have their own weights, universe and evaluated prices. BondTerminal computes a transparent estimate with a published methodology: exact semiannual Z-spreads over the US Treasury zero curve, latest cable prices and EMB weights for NY-law USD bonds. The series can differ because of composition, price treatment and publication lag.
- Why does the calculation only use NY-law bonds?
- Market convention (including JPMorgan's methodology) uses foreign-law bonds because they carry lower legal risk and more cleanly reflect pure sovereign credit risk. Argentine-law bonds trade with an additional legal premium.
- How often is it updated?
- The published reference retains its observation date, including weekends and holidays. The BT estimate is recalculated during Argentine market hours (10:30–17:00 ART) when quotes are available; always check the observation date.