Argentina Volatility Index

Argentina’s markets reopened after a holiday with investors focused on the September inflation reading and an upcoming Treasury debt auction. Analysts also assessed whether the economy had entered a brief technical recession and how that could affect domestic assets.

Argentine financial assets rebounded after Brazil’s first-round election result improved regional sentiment. The S&P Merval rose 3.68%, local bonds gained an average 0.9%, and Argentina’s country-risk spread fell from a recent 10-month high.

Argentine markets began October under pressure as the country-risk index climbed to 636 basis points, near its 2026 high. The S&P Merval fell 3.2%, ADRs dropped as much as 5.5%, and longer-dated bonds were hit by election uncertainty and higher global yields.