Argentina’s sovereign risk shot above 1,100 basis points before paring back a bit, up from 906 on Friday, according to data compiled by JPMorgan. “Kicillof Risk” is surfacing amid economic and financial fragility in Argentina. “A prolonged period of heightened political risk premia is likely to weigh on economic activity” as a result, they added. Fewer foreign investors in peso-denominated instruments also means “less fuel for a run on the currency,” according to Sandleris. “Milei’s government has two more years left and so many things can still happen.”by Ignacio Olivera Doll, Bloomberg