After the emergency tender of the Treasury, which validated much higher rates than planned, a day of tense calm is extended in the change market.
With the tender framework in which the Ministry of Finance awarded $ 4.7 billion and validated very high rates, is that Another day of tense calm extends. Thus, in the wholesale segment, which is the market reference, the dollar is sold to $ 1,261 per unit, $ 1 above the previous closure.
It should be remembered that the Government placed $ 4.7 billion on Thursday in the emergency tender, with the aim of absorbing the “excess” of liquidity that left the end of the Lefis. 50% was placed in lecaps expiring in the next 30 daysand in fact The letter that expires in July had a 3.3%them.
“The treasure validated rates further High than in the previous tender. As a reference, The monthly effective rate for Lecap as of August 15 had been 2.78%. With expected inflation below 2%, this implies an annual real rate around 23%, “they said from Max Capital.
For this broker this situation is “something that could only be held temporarily, since otherwise the fiscal front would commit. The tender left a bitter taste among foreign investors, who saw the measure as an expensive attempt to avoid a currency depreciation“
“Compared to the secondary market of the closing on Tuesday, The treasure offered rates between 70 and 80 additional basic points, thus validating significantly higher yields. Taking into account high school yesterday, the award was not minor: rates between 10 and 24 major basic points, “they expanded from PPI.
Parallel dollars, the “calm” extends
He Retail official dollar It quotes at $ 1,232.60 for purchase and $ 1,278.62 For sale In the average of the financial institutions published by the Central Bank (BCRA). In turn, within what is future dollar, contracts quote with a major1,448.5.
The MEP dollar quotes at $ 1,269.99 and the spred against the officer is positioned at 0.7% and the dollar counted with liquidation (CCL) operates at $ 1,274 and the gap is 0.3%.
He Card or tourist dollarand the Savings dollar (either solidary), equivalent to the official retail dollar plus a surcharge of 30% deductible from the income tax, it is located in $ 1,657.50 and The crypto dollar or dollar Bitcoin quote a $ 1,288.86according to Bitso.
Source: Ambito
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