Argentine assets trade mixed before April inflation report as Treasury rolls over debt

Argentine assets traded unevenly on May 14, 2026, as investors took a cautious stance before the April inflation report, expected to show consumer prices rose 2.5% after a 3.4% increase in March. The Treasury sold eight peso- and dollar-linked securities on May 13 for 10.71 trillion pesos ($7.69 billion), rolling over 110% of maturities after receiving 14.4 trillion pesos in bids. Facimex said the government rejected about a quarter of offers and favored lower funding costs while continuing to extend maturities. Over-the-counter sovereign debt slipped an average 0.3%, while country risk stood at 520 basis points at 1430 GMT after briefly falling below 500 earlier in the week following Fitch’s upgrade of sovereign bonds. The S&P Merval rose 0.8% after losing nearly 3.5% over the prior two sessions. The peso traded at 1,396.5 per dollar, up 0.29%, with the central bank continuing dollar purchases. The BCRA bought $185 million on May 13, lifting 2026 purchases to $7.87 billion.