In New York, Argentine stocks also fall up to 5.5%, while the country risk rises to 563.
He S&P Merval suffers profit taking this Wednesday, January 8, but so far this month it climbs 9% both in weights as in dollars. The Argentine stocks that are listed in Wall Street they also give up 5.4%while the dollar bonds they note widespread casualties and the country risk is located at 563 basis points after the correction made by the JP Morgan.
In that framework, the S&P Merval low 2.1% to 2,763,658.29 units. In the leading panel, the papers The ones that drop the most are: Edenor (-6.8%), Telecom (-6.2%), Cresud (-4.8%), Central Port (-4.6%) and BBVA (-3.8%).
In New YorkArgentine stocks suffer, take profits of up to 5.5% headed by Edenor, followed by Telecom (-4.1%), and Central Port (-2.1%).
The Government faces this Thursday the payment of sovereign bond maturities in dollars biggest of the year by about US$4,341 million, according to data from the Congressional Budget Office (CPO). These payments correspond to bonds restructured in 2020 by former Minister of Economy Martín Guzmán, and includes both principal and interest.
The securities that pay coupons are the Bonares with Argentine law (AL29, AL30, AL35, AL38 and AL41) and the Global -with foreign law-, denominated in dollars (GD29, GD30, GD35, GD38 and GD41) and in euros (GE29, GE30, GE35, GE38, GE41 and GE46).
Tuesday’s day was marked by some confusion and bewilderment among operators due to an initial abrupt drop in country risk. After a methodological failure of the bank JP Morgan In the measurement, the index ended above 500 basis points, marking its second consecutive decline while awaiting the payment of coupons that the Government will make this Thursday.
Bonds and country risk
In the fixed income curve, sovereign bonds fall up to 2% thanks to the Bonar 2030followed by Bonar 2029 and the Global 2041which lost 1.8%, and the Global 2030 (-1.5%). The only one who goes up is Global 2046 (+0.6%).
In that context, the country risk go up to 563 basis pointsas measured by JP Morgan.
Source: Ambito
