The indicators calculated by República AFAP and the Electronic Stock Exchange of Uruguay registered increases at the close of the markets yesterday.
The two local indicators of the Risk country of Uruguay, he Uruguay Bond Index (UBI) of AFAP Republic and the Country Risk Index of the Electronic Stock Exchange of Uruguay (Irubevsa) experienced an increase after the markets closed, although May is marked by a drop of around 5 points.
The Irubevsa rose 13 basis points since the close of the markets on Monday, reaching 99 bp yesterday, and accumulating a rise of 37.50% so far this year. This daily increase occurs in a context of a weekly rise of 10 bp, although in year-on-year terms the indicator —which measures the yield spread of Uruguay’s debt in dollars compared to the debt of United States (US Treasuries)— shows a fall of 33.11%, while, so far in May, it fell 5.71%.
For his part, he ITBGL —Index of yield rates of Uruguayan sovereign bonds issued in dollars (Global Bonds)—also increased, albeit only 2 basis points since Monday, thus measuring 488 bp. This indicator also shows an increase of 21 bp both in the last 7 days and in the month —a 4.50% increase so far in May—; while in the year accumulates a rise of 13 bp. In year-on-year terms, the result also shows an increase of 14.55%.
The República AFAP index also rose
For its part, the Uruguay Bond Index (UBI) calculated daily by República AFAP based on the average spread —or difference between the yield of Uruguayan bonds and US treasury bonds— also experienced an increase compared to the previous day of 5 points: yesterday it measured 87 basis points, while on Monday it stood at 83 bp.
The minimum value registered by this indicator in May was 79 bp on April 25, while the monthly maximum was 102, on April 4. During the year, the highest value was 109, on April 4, and the lowest it stood at 70 bp on January 2.
Meanwhile, if you look at the monthly averages, the UBI for April was 95 basis points, while May has an average of 90.85 bp, so, for the moment, there is a drop in Country Risk calculated by República AFAP. of 4.25 bp —similar to the records of the Electronic Stock Exchange of Uruguay (Bevsa).
Source: Ambito
