The dollar bonds operate with a majority of increases this Wednesday, September 18, and the country risk is falling after an advance the previous day. On the contrary, the ADRs record majority of “red” on a “D” day for Wall Street expects a rate cutwhich would generate greater liquidity in emerging economies.
The intrigue lies in how large this drop could be.whether by a quarter of a point or half a point, which will open the tap for more capital to be tempted to leave the United States as an investment.
Among the dollar bonds, the increases of the Global 2046 (+2.9%), the Bonar 2038 (+1%) and the Bonar 2035 (+1%) stand out.. Therefore, the Country risk, measured by JPMorgan falls 0.3% to 1,366 basis points.
On the CER curve, bonds plummet to 4.4%, led by the DIP0followed by PAP0 (-2.5%) and the PARP (-1.6%). The sharp fall is due to the fact that prices continue to slow down, on Tuesday the National Institute of Statistics and Census (INDEC) reported that the wholesale inflation stood at 2.1% and reached its lowest level since 2020.
S&P Merval and ADRs
Among the Argentine papers listed on Wall Street The biggest gain is in Loma Negra (+3.4%). At the other end, Significant losses were recorded in Telecom (-4.8%), Irsa (-3.7%), Cresud (-3.1%) and Transportadora de Gas del Sur (-3%).
At the local level, the S&P Merval falls 1,4% to 1,787,067.16 points, after Monday’s drop and Tuesday’s slight upward variation.
At the local level, to give investors more peace of mind, the Government confirmed the purchase of US$1.528 million to confront the interests of sovereign debt in January.
This is part of “the importance of the financial strategy. Finance has already bought the dollars from the central bank (BCRA) for the interest payments due in January 2025,” he published. Federico Furiaseadvisor to the Ministry of Economy, in a publication in X.
As part of the economic plan, President Javier Milei presented on Sunday the draft budget for 2025 with a clear commitment to maintain its fiscal conduct without deficit, drastically calm inflation and resume economic growth.
To generate fresh funds to help reactivate, a massive money laundering scheme that also serves as an investment in assets is in force until the end of the month.
“According to statistics published by the central bank, it was learned that as of September 12, private deposits in foreign currency exceeded 21 billion dollars. In this sense, last Thursday there was the largest daily increase in said “stock” since 2019 with 366 million dollars,” Puente reported.
Source: Ambito
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