Argentina's closely-watched country risk index fell sharply on Tuesday to its lowest level since May 2018, according to traders, reflecting investor confidence in the South American country's assets.

Argentina paid international bondholders before a Thursday deadline, marking another step in President Javier Milei’s efforts to restore investors’ confidence in the serial defaulter.

Buenos Aires, Argentina - September 25, 2024 Country risk is quoted at 578 points, the lowest value since August 2018, at the start of trading on Monday, due to a new increase in Argentine bonds after learning of the signing of the REPO for US$1,

Argentina's country risk index fell sharply on Tuesday to its lowest level since May 2018 as investor confidence in the country's assets surges ahead of key bond payments, although analysts and officials expect the index to rise later in the week.