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Argentina Risk Climbs Despite Debt Plan as Peru Detains Ex-Police Suspect and Melgar Parts With Reynoso

Investors pushed the country risk gauge to a year high, underscoring doubts about claims that upcoming bond maturities are fully financed without tapping markets or the IMF.

Overview

  • Luis Caputo said Argentina has identified financing to cover principal on sovereign bonds due in July 2026, January 2027 and July 2027, asserting no need to issue debt or seek IMF funds.
  • Argentina’s country risk closed at 633 basis points, the year’s peak, as the central bank reported a US$172 million purchase Friday and US$485 million for the week.
  • Former police officer Santiago More Ríos presented himself to the Peruvian National Police and was placed under a seven‑day preliminary detention order tied to the La Victoria double homicide of December 2024.
  • Investigators link More Ríos to duplicated license plates allegedly used to support the attack, and his son David Santiago More Calderón was detained days earlier on a related homicide warrant.
  • FBC Melgar and Juan Reynoso ended his tenure by mutual agreement, installing an interim staff of Víctor Balta, Carlos San Martín and Matías de la Vega, as Alianza Lima edged ahead on goal difference level with Los Chankas after wins and Defensa y Justicia became the only unbeaten team in Argentina’s top flight.