The Minister of Economy, Luis Caputo, He achieved a Strong market support to its financing policy, to the Get debt to 167.3% of what he won this week, after the first bond of bonds and letters of pesos of the month. It is worth noting that He captured other U $ 500 million with the reopening of Bonte 2030.
This time, He managed to place titles for a total of $ 6.36 billion After receiving proposals for $ 7.8 billion.
While the result is important from the quantity, the Treasury Palace is taking some expensive debt if the inflation data is taken into account. In the case of weights they were placed:
- July 10 (S10L5) $ 2,826 billion at 2.58% tem / 35.75%
- August 15 (S15G5) $ 1,139 billion at 2.60% are / 36.11%
- September 12 (S12S5) $ 0.725 billion at 2.54% are / 35.18%
- November 28 (S28N5) $ 0.544 billion at 2.36% are / 32.32%
BANCAP:
- January 30, 2026 (T30E6) $ 0.289 billion at 2.37% are / 32.44%
- June 30, 2026 (T30J6) $ 0.251 billion at 2.24% tem / 30.45% thy
The data indicates that the government It is financing in pesos rates ranging from 30% For long sections to 36% in the short parts. This would give rates of the order of 2% monthly, compared to a disinflation scenario. As a result of the operation, there were over $ 1.9 billion that will be deposited in the BCRA.
On the side of Bonte 2030 that contributed about US $ 500 million, that will go for the reserves of the Central Bank. The Ministry of Finance reported that 303 offers were received for a total of $ 1.2 billion (US $ 1,098 million)
The maximum was awarded offered for $ 0.593 billion equivalent au $ s500 million at a rate of 28.46% which implies a Mild down with respect to the first placement that reached 29%.
Matías Waitzel, partner in AT Investments He said: “It seems to me that the result of the tender was excellent: there was a lot of demand for the Bonte again, which is great news. In addition, with the surplus of weights, the BCRA would apparently buy sovereigns. I think the LECAPS will be transformed into the star instrument of rate in pesos and should compress rate as inflation continues to lower.”
On the other hand, Pablo Quirno, Secretary of Finance announced that “with the surplus of pesos of the tender of the day, the Treasury will offer COMPRERA A BCRA HIS HOLDINGS OF AL30 FOR VN U $ S479 million and GD30 for VN U $ S986 million for cancellation. “
Source: Ambito
