Interest Rates: Rising interest rates typically cause bond prices to fall, and vice versa. ARGD.US, being a bond, is sensitive to these fluctuations.

Inflation: Higher inflation erodes the real value of future bond payments, decreasing demand and therefore lowering the price of ARGD.US bonds.

Credit Risk: Any deterioration in the perceived creditworthiness of Argentina could lead to investors demanding a higher yield, reducing the price of ARGD.US.

Global Economic Conditions: A strong global economy can increase demand for higher-yielding assets like ARGD.US, potentially increasing its price. Conversely, a global recession can decrease demand.

Political Instability: Political uncertainty in Argentina can significantly impact bond prices. Increased risk aversion leads to lower prices for ARGD.US bonds.

Currency Fluctuations: Fluctuations in the value of the Argentine Peso relative to the US Dollar can affect the attractiveness of ARGD.US bonds to international investors.

Market Sentiment: General investor sentiment and risk appetite can influence bond prices. Negative sentiment may push investors towards safer assets, lowering the price of ARGD.US bonds.

Liquidity: Lower liquidity for ARGD.US bonds can lead to wider bid-ask spreads and price volatility, making it more difficult to buy or sell at a desired price.

Supply and Demand: Changes in the supply of new ARGD.US bonds or changes in demand can impact prices. Increased supply can put downward pressure on prices.

Geopolitical Risks: Geopolitical events affecting Argentina or the broader region can also influence the perceived risk associated with ARGD.US bonds.