Bonds in pesos had a general decline

Bonds in pesos had a general decline

November 27, 2023 – 1:40 p.m.

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

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The Uruguayan bonds in dollars and in Indexed Units (UI) registered a general increase during this week, although bonds in pesos registered a decrease, according to the latest AFAP Weekly Monitor of the Republic.

Between last Monday the 20th of this month and today, the behavior of the global bonds of sovereign debt in dollars went up, with an increase of up to 1.08% for 2045 titles, followed by improvements of 0.67% and 0.56% for 2036 and 2055 titles, respectively.

For their part, the 2025, 2031 and 2033 bonds had increases of 0.07%, 0.21% and 0.43%, respectively. The 2050 bonds had an increase of 0.54%, while the Bond Indexed to Climate Indicators (BIIC) to 2034 had an increase of 0.07%. For their part, the only bonds that suffered a decrease were 2024 and 2027 with a decrease of 0.05% each.

On the other hand, the titles of Indexed Units also showed increases. That corresponding to 2027 had an increase of 0.29%, while that of 2037 had an increase of 0.25%. Meanwhile, the bonds corresponding to 2040 had an increase of 0.48% and the only one that remained stable is that of 2030 with 0%.

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The only bonds that showed a general decline were those in Uruguayan pesos. The 2028 bonds had a decrease of 0.62%, those of 2031 of 0.16% and those corresponding to 2033 a decrease of 0.49%.

What refers to sovereign spread that measures its own risk country with his Uruguay Bond Index (UBI) It fell a total of 6 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 9 bps to 94 bps.

Source: Ambito

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