The Irubevsa had an increase of 3 basis points to 108 bp compared to the closing of the markets on the last day of May, while the ITBGL remains stable at 488 bp.
He Risk country went back up in Uruguay, and June began with this indicator 108 basis points, according to the calculation of the Electronic Stock Exchange of Uruguay (Bevsa). This is the highest value in the last 20 days, in the midst of a trend that is beginning to consolidate upwards.
He Bevsa Country Risk Index (Irubevsa) experienced a new increase on June 1 compared to the previous day’s market close: stood at 108 bp, when on May 31 it had been 105 bp. Considering what happened in the previous days of this week, the increase is more significant: on May 30, the indicator—which measures the yield spread of Uruguay’s debt in dollars with respect to the debt of United States (US Treasuries)— was 99 bp, and on May 29 it was 86 bp.
This shows a rising curve important during the last four days, in which the Irubevsa grew, since Monday, 22 basis points; which represents an increase of 25.58%. Likewise, and although in May the indicator remained relatively stable —at an average of 100 bp, with two peaks of 115 bp—, so far this year registers a rise of 50%. In interannual terms, meanwhile, it registered a fall of 13.6%.
The ITBGL performance index remained stable
He ITBGL —Index of yield rates of Uruguayan sovereign bonds issued in dollars (Global Bonds)—, for his part, has spent three days stability at 488 bp, since last May 30. In total, it increased 4.50% in May and accumulates in the year a rise of 13 bp.
In addition, and unlike what happens with the Iruvebsa —which still shows improvements compared to the indicator from a year ago—, this performance index also increased in interannual terms, registering a rise of 16.19%.
Source: Ambito
