Uruguay issued yellow and orange alerts due to strong and severe storms, causing significant damage and even leading to fatalities. The Instituto Uruguayo de Meteorología (Inumet) reported that the strongest wind gust reached 129.5 km/h in Salto during the worst part of the storm, which also caused extensive damage and one death. The alerts were issued from July 16 to July 20, with expected strong winds and heavy rainfall across the country.
The bond desk should be aware of these weather conditions as they can impact economic activities and infrastructure, potentially affecting the country's credit rating and bond performance. Additionally, the suspension of official events due to the severe weather highlights the importance of these alerts for public safety and could influence investor sentiment.