Financial dollars ended last month with heavy losses, which meant that those who decided to invest in pesos, obtain a rate, and then dollarize their portfolio received succulent profits.
October It was another month where to do “carry trade” It meant succulent profits for investors. Thus, according to various reports circulating in the city, those who have made a rate in pesos and then dollarized their investment obtained a gain of 11%.
Both the dollar MEP like him CCL contracted close to 7% monthly, while Lecapslast month, returned about 3.6%.
Thus, according to a report reveals that “By pesifying the MEP so much in October, this operation yielded a profit in dollars of 11.3% using 87-day Lecaps and 11.5% with 182-day Lecaps.”
The analysts also projected that by annualizing the returns that amount to 135% and comparing them with an average TNA of 7.06% for loans in dollars, it is concluded that “It is highly profitable to take credit to carry out this operation.”
Furthermore, it is important to note that In the last Treasury tender, Lecaps was not offered which implied a reduction in the number of fixed rate instruments, which increased demand along the curve.
Source: Ambito
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