For markets, the default risk in Argentina is greater than 80 percent as Argentina default risks exceeds 80 percent. Root of the announcement by Governor Axel Kicillof of the non-payment of the coupon of the BP 21 bond in a timely manner, which was to be made on January 26, the province of Buenos Aires entered into a virtual default that, according to market estimates, It could be followed by the rest of the provinces and even by the National State.

This is evidenced by observing the increase in the so-called Credit Default Swaps (CDS), which are safe to cover against the possibility of a default or "credit event" of sovereign bonds. Insurance is linked with the different bonds issued by each Nation. In the case of Argentina, there are one year, two, and so on until reaching the maximum maturity term of bonds issued by the State.

Argentina default risks exceeds 80 percent

The Executive Power assured through a requested circulated today that it will not pay the coupon that represented an interest of 10.875% for each sheet on the next 26 of the current as it corresponded, but that it will only do so on May 1, with the purpose of "temporarily freeing the Province from certain short-term financial obligations". Last week the information had circulated that the Nation would face the payment of this coupon, but President Fernández, in an interview granted to C5N, was in charge of discarding this alternative.

Thus, today, both the aforementioned CDS and the Country Risk have increased, which is the surcharge that a country must pay over that of the Federal Reserve of the United States to borrow ten years.

In the case of the CDS, the evolution of the risk measured at five years in the last month has tended down, considering the willingness to pay that Fernández administration has exhibited both discursively and with measures that have been valued by the market, as the package to the Solidarity Law approved last December with a significant tax increase and the brake on the pension increases provided by law.

However, in the last two days, and from the information that emerged from the non-payment of the aforementioned coupon by the largest and most important province in the country, this trend began to reverse.

In parallel, the country risk closed today in 1854 points, with an increase of 1.4% compared to yesterday, but still below the 2114 points on December 14.

These increases, which are observed moderately, are due to the fact that both indicators contemplate sovereign and non-provincial bond events, but in any case the market remains attentive to what happens with all the papers issued by our country in its different estates in order to be protected in the face of the latent possibility of a new general debt default.

Dakar 2020: Fernando Alonso overturned his Toyota and thus circled the bell in a dune

The Spanish rider accelerated thoroughly in the tenth stage and on a dune took a big turn. He and Marc Coma were not damaged

Fernando Alonso had been making a great career despite being a debutant in the Dakar. The Asturian pilot is one of the great attractions that is why the cameras are always with him.

But this Wednesday, in the tenth stage, the Toyota driver suffered a rollover in one of the dunes of the first part of the special and suffered the breakage of his windshield.

The organization reported that he and his co-pilot, Marc Coma, are fine and the car was not damaged. However, they were detained for a long time.