The adverse ruling against YPF and the low accumulation of reserves, added to the voting in the Senate that were in favor of the opposition to increase retirement and pensions, press on Argentine assets.
The Bonds in dollars They operate in red this Monday, July 14, in the midst of political tensions after The approval in the Senate of an increase in retirement and other projects rejected by the government of Javier Milei. In turn, the international front also does not bring good news with Donald’s commercial war resurgence Trumpwhich hits global markets.
In addition, news is awaited after the emergency appeal made by Argentina against the order of an American judge who requires him to deliver his 51% participation in the oil company YPF to partially cover a judicial sentence of US $ 16,100 million, while the market maintains its doubts about the exchange front in the absence of genuine accumulation of reservations.
The dollar bonds climbed up to 2.8% and the country risk sank 3.1% after improvement of sovereign note
These new condiments are added to the novelties that are expected from the International Monetary Fund (IMF) around The first review of the U $ 20,000 million loan program and the proximity of legislative elections that will renew part of the Congress in October.
“Although the market pays attention to the change of monetary scheme, the Fiscal Front was also the protagonist. The Senate approved five bills that could raise public spending between 2.2% and 2.5% of GDP by 2026, putting obstacles to the main anchor of the government“said Gma Capital Research.
In that framework, Global bonds fall to 1.2% on Wall Street. Most bonars also fall, although they show somewhat more moderate setback.
News in development.-
Source: Ambito
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