The country risk deepened its fall this Tuesday and was close to drilling the 1,000 basic points, before another important bond rebound, After the meeting between the President of the United States, Donald Trump, and his Argentine pair Javier Milei In New York, waiting to know the details about the financial assistance of the US Treasury to our country.
Indeed, the rises of the sovereign titles were headed by the Bonar 2029 (+6.8%)followed by Bonar 2030 (+6.3%), and the Global 2029 (+6.1%). Thus, the country risk measured by JP Morgan yielded 6.1% to 1,023 Basic points (during a brief period of the day came below 1,000 points).
The meeting between the Argentine president and his American couple lasted about 15 minutes. Within that framework, Trump said after the encounter that “Javier Milei has proven to be a truly fantastic and powerful leader,” said the decline in inflation and closed the message with a boost: “My complete and total support for re -election as president has. He will never disappoint them!”.
The US president ratified his political support and the predisposition of your administration to provide financial assistancesomething that Milei had already confirmed that it is negotiated with the North American Treasury. The meeting occurs in a context of doubts about Argentina’s ability to face debt maturities for U $ 4,000 million in January and U $ 4,500 million in July 2026.
Sources close to the Milei team in Washington indicated Scope that This support not only injects immediate liquiditybut traces a road map to overcome the bulky debt maturities that Argentina must face until the end of next year, A calendar that exceeds US $ 27.5 billion and that promoted the urgency of this bilateral alliance.
“The question now goes through what assistance would provide USA and if the BCRA could finally start A virtuous path of accumulation of reserves with flexible exchange rateeventually eliminating exchange bands and remaining exchange controls on stocks, “he said Juan Manuel Francochief economist SBS group.
Meanwhile, he warned that “it seeks to attract exports liquidations with the temporal reduction to zero of grain and meat withholdings, a measure that will advance some flows of dollars in time and resigned around 0.15pp of the GDP in collection. Here, the question goes through the fact of whether that greater flow will make the price fall and if it will also be used to accumulate net reserves. “
S & P Merval and Adrs
In the Buenos Aires bag, meanwhile, the S&P Merval advanced 0.2% to 1,815,381.74 points, while measured in dollars earned 2% and touched the threshold of 1,300 points.
The leading actions scored rises of up to 12.2% hand in hand Metrogas, followed by Byma (+8%) and Passener (+6.9%). At the other extreme, they fell Black Loma (-4.4%), Supervielle (-3.6%) and Cresud (-2.9%).
In Wall Street, meanwhile, the ADRs closed disparate, with rises led by Edenor (+2.6%), BBVA Bank (+2.4%), YPF (+2%) and Port Central (+2%).
Source: Ambito
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