Within the sovereign debt in dollars, the securities that rose the most were the Bonar 2041 (+4.3%), followed by Global 2046 (+3.5%), the Global 2035 (+3.4%), the Global 2029 and the Bonar 2035 (+3.3%). In that context, the country risk fell 5.6% (-67 units) to 1,121 points basicera lows Javier Milei.
The Chamber of Deputies supported the veto of the University Financing Law carried out by the Executive, which argued that it harmed the fiscal balance of public accounts.
Bonds set new highs this Wednesday. “It seems that the market is currently demanding more sovereigns than Bopreales, who had mixed returns today,” highlighted the Sales Trader at Grupo IEB, Nicholas Cappella.
“The accumulation of reserves, the calm in financial dollars, added to the support obtained by Milei’s veto, gave signs of strength that the market continues to buy and is reflected in the increases,” analyzed the specialist.
Furthermore, in this wheel the financial bank Morgan Stanley He once again recommended Argentine securities to his clients after a more optimistic environment at a global level for emerging economies, after the FED lowered interest rates, as well as China’s policy shift and US data supporting the soft landing scenario.
Milei said in an interview with the Financial Times that the country is not yet ready to lift the exchange rate.
ADRs and S&P Merval
In Wall Streetthe ADRs rose up to 7.6%, thanks to YPF. The papers that rose the most were Edenor (+7.6%), Gas Conveyor (+7%), YPF (+6.7%), Galicia Financial Group (+5.4%) and Central Port (+4.5%). Meanwhile, the only one who went down was Take off (-1%).
He S&P Mervalmeanwhile, advanced 2.3% to 1,771,932.78 points, after a shaky start. The actions that rose the most were those of Edenor (+5.7%), Southern Gas Carrier (+5.7%), YPF (+5.4%) and Galicia Financial Group (+4.1%). Meanwhile, the only ones that fell were Silver Commercial Society (-1.9%), Transener (-0.3%) and Ternium (-0.2%) .
The oil company YPF is going to close an agreement for Vaca Muerta gas with Shellthe main operator of LNG of the world, for the next 20 years, as confirmed E.R. from unobjectionable sources in the hydrocarbon sector.
Source: Ambito
