Uruguayan bonds had a rebound last week

Uruguayan bonds had a rebound last week

November 6, 2023 – 12:56

The titles registered an increase in both dollars, pesos and UI. Meanwhile, the country risk decreased and the sovereign spread increased.

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The Uruguayan bonds in dollars and pesos registered a general increase during this week, the same happened with those linked to Indexed Units (UI), according to the last AFAP Weekly Monitor of the Republic.

Between last Monday, October 30 and today, the behavior of the global bonds of sovereign debt in dollars was on the rise, with an increase of up to 4.03% for the 2055 titles, followed by improvements of 4.77% and 4.73% for the 2050 and 2045 titles, respectively.

For their part, the 2024, 2025 and 2027 bonds had increases of 0.05%, 0.24% and 0.76%, respectively. The 2031 bonds had an increase of 1.85%, while the 2033 bonds had an increase of 2.28%. The 2036 title also had an increase of 2.64%. Meanwhile, the Bond Indexed to Climate Indicators (BIIC) to 2034 had an increase of 2.24%.

Something similar happened with the bonds in pesos, since that of 2028 experienced an increase of 0.52%. Meanwhile, the 2031 and 2033 bonds had an increase of 0.93% and 0.90%, respectively.

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On the other hand, the titles of Indexed Units also all showed an increase. The corresponding to 2027 had an increase of 0.05%, that of 2028 an increase of 0.10 and 2030 an increase of 0.24%. For their part, titles 2037 and 2040 showed an increase of 0.87% and 1.23%, respectively.

What refers to sovereign spread that measures its own risk country with his Uruguay Bond Index (UBI) It fell a total of 7 bps points, achieving a total of 67 bps.

Meanwhile, the country risk that calculates AFAP Republic for these titles (IBI), which measures the average spread between the yield of bonds issued in UI by the Uruguayan State and the yield of TIPS (Treasury Inflation Protected Securities) of the United States government, rose 15 bps to 109 bps.

Source: Ambito

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