In this context, the expectation of the day is posed on the rates on the eve of the tender of the treasure and the inflation data that the INDEC that could show a number below 2%will make known.
In this context, The Argentine papers that quote on Wall Street They extend rises of up to 8% headed by Galicia Financial Group (+8.14%), YPF (+8%) and Banco Macro (+7.01%).
On the other hand, the S&P Merval advances 5.8% to 1,825,648.76, while measured in dollars the rise reaches 6.3% to 1,276.26 points. This is the most important daily increase since April 14, the day the relief of the exchange rate was announced.
A key fact for Wednesday’s wheel It will be the result of the tender that the treasure will do this afternoon. It will offer three Lecaps letters, a letter tamar as of December 2025, a zero coupon bancer and two dollar linked (D31O5 and TZVD5). “The maturities (internal debt) amount to about 7.2 billion pesos,” said the SBS group.
The uncertainty of the City for October
Financial analyst Gustavo Ber said that “domestic assets seek to prolong yesterday’s recovery, even within a mixed and volatile climate since they remain ‘hostage’ of the political context.” For that reason, he stated that “the attention is focused these days in the reaction of the post -elections of PBA, since Investors evaluate as necessary a rapid recalibration of the strategies on the way to October “.
Similarly they expressed themselves from Capital Markets Argentina: “After the negative shock for the result of the elections of the province of Buenos Aires, The local market was again convulsed and with a large load of uncertainty for the October national elections”
On this point, their analysts stated that “In this month and a half that will be interesting to see if the government maintains the current strategy of very high rates in real terms to contain inflation and exchange rateeven at the cost of the activity continuing to show clear symptoms of stagnation, or opts for a new strategy. “
Bonds and Risk Country
In the bond sector in pesos, a strong rise is observed in the titles adjusted by CER, with the TZX28 scoring an increase of 3.2%, followed by TZX27 (+2.5%) and the TZX26 (+1.3%).
The Titles in dollars They hold the rebound with rises that touch 3% led by the Bonar 2041which rises 2.6%. The podium complete the Global 2035with an increase of 1.6%, while the Global 2038 Accompany with identical up.
Meanwhile, the country risk was located at 1,070 basic points on Tuesday, so it is likely that if the rebound in sovereign bonds is consolidated, the index prepared by JP Morgan is compressed.
Source: Ambito
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