The Bonds in doLARES AND THE ADRS They relive this Monday and shoot up to 16%, as a reaction to the support message of the US Treasury Secretary, Scott Besent to Argentina, and the concrete possibility of an imminent financing from Washington for the country. In a post -firch in X, Besent said “All stabilization options are on the table” and that his government “is willing to do whatever is necessary within his mandate to support Argentina.” These options may include, among others, SWAP lines, direct purchases of currency and public debt purchases, as anticipated.
In that context, The ADRS climb up to 16%, by the hand of BBVA Argentina, Supervielle Group (+15.8%), Galicia Financial Group (+15.6%) and Banco Macro (+13.2%).
For its part, The S&P Merval scale up to 6.1% to 1,787,207.86 pointswhile measured in dollars flies 13.1% to 1,214 points.
The most outstanding advances of the day write down the actions of BBVA (+15.9%), Byma (12.2%), Supervielle Group (+10.6%) and Galicia Financial Group (+10.6%) and Metrogas (+10.4%).
Argentina’s strong support generates expectations about the meeting that Javier Milei will hold with Donald Trump this Tuesday in Washington. To this factor is added the recent decision of the government to restore the zero withholdings for grains until October 31a measure that aims to accelerate currency settlement and guarantee a greater flow of dollars in the short term.
Besent indicated in his account X that swap lines, direct currency purchases and public debt purchases called in US dollars could be used in support of Argentina, one “Systemically important ally from the US in Latin America. “
The support message comes at the worst time of management of Javier Milei Since he assumed in 2023, beaten by the hard electoral setback in the province of Buenos Aires at the beginning of the month, the cooling of the economy and recent collapse of the markets, which made them fear that their shipwrecked adjustment program.
Bonds and Risk Country
In tune with the actions, the titles in hard currency rise up to 16.6% led by the Bonar 2041, Bonar 2035 (+15.2%), Bonar 2029 (+13.2%), and the Global 2029 (+12.1%).
In this way, the country risk, measured by JP Morgan collapses 16.7% to 1,213 basic points, after Touch 1,500 last week.
In the world of weights, bonds adjusted by Cerpan up to 7.5%, with the leadership of TZX26 and TZX27. Meanwhile, the Treasury Lyrics advance up to 3.2%. On the other hand, the Linked dollar bonds give up to 2% after the expectations of devaluation of the peso were modeled.
Source: Ambito
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