The S&P Merval actions also go up this Tuesday, while the market calibrates its next steps waiting for the tender of the Treasury on Wednesday.
The index S&P Merval From the Buenos Aires Stock Exchange, it rises on Tuesday, while the market puts the focus on fixed income in pesos that does not find bullish impulse. On the previous day, The Ministry of Finance communicated the tender instruments menu that the Treasury will carry out this Wednesday 13.
The selective local progress 1.9% to 2,346,077.90 Basic points, while measured in dollars advances 2.3% to 1,774 units. Among the leading actions, the ones that advance the most are: Edenor (+5.3%), Black Loma (+3.2%), Port Central (+2.9%) and Pampa Energy (+2.9%).
In Wall Street, local papers climb up to 5.5% hand in hand Edenor, followed by Galicia Financial Group (+2.9%), IRSA (+3.8%) and Gas conveyor (+3.4%).
“Monday’s day left a mixed panorama in the markets: While the fixed income in pesos still does not find impulse and recorded generalized setbacks, the sovereign debt in dollars, supported by a favorable external context, and the Merval extended the increases. On the other hand, the Mecon announced the conditions of the tender planned for Wednesday, “they said from Cohen.
The Finance Secretariat communicated the instrument menu of the tender to be held this Wednesday 13with liquidation on Monday 18. This includes the reopening of four Lecaps With deadlines between 25 and 84 days (S12S5, S30s5, S31O5 and S10N5), with a maximum amount to award from $ 3 to $ 4 billion in the two shorter sections. In addition, it will be offered A new Lecap expiring in January 2026 (S16E6) and the BANCAP February 2026 (T13F6).
They will also be tendered Tamar adjustable letters with maturities between November 2025 and February 2026 (M10N5, M16E6 and M13F6), together with the reopening of a title Dollar-Linked to December (TZVD5) and a Bonce to October (Tzxo5). After the exchange of the BCRA of $ 7.8 billion from the S15G5 for the T15D5, the Treasury must face maturity for almost $ 15 billion, over a total of $ 23.9 billion in August.
“The top in the shortest sections and the inclusion of instruments of greater term suggest that the Treasury would seek to extend the duration to relieve bulky maturities in the remainder of the year, which would force the lowest rates in short lecaps or migrate to longer instruments, “they added from Cohen.
Bonds and Risk Country
The Foreign currency bonds They quote disparate in the local sand, the ones that lower are the Global 2029 (-0.4%) and the Bonar 2041 (-0.3%), while the ones who rise most are the Global 2046 (+1.3%) and the Global 2038 (-0.4%).
The country risk closed on Monday around 724 basic points, when giving 9 units (-1.2%), according to the measurement of JP Morgan.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
