The operators reacted optimistically after the announcement that Argentina and the US agreed to a US $ 20,000 million swap. Bond repurchase is also analyzed. The dollar goes down.
The market celebrates the strong support that the US government confirmed for the management of Javier Mileiwith a US $ 20,000 million swap and possible bond repur. The shares are fired both in the local square and in Wall Streetwhile the country risk It collapses below 1,000 basic points. The dollar, in all its versions, falls to 2%.
Dollar bonds climb up to 5.6% headed by long titlesas the Global 2046, followed by the Global 2038 (4.7%), the 2038 Bonar (4.1%) and the 2029 Bonar (4.0%). Thus, the country risk collapses 10% to 917 basic points.
“We consider appropriate Maintain positions in sovereign bonds and Argentine actions. If a favorable political result is confirmed in October – a loss that we see with high probability – a significant rally could be generated towards the end of the year. Argentina continues to lag in front of other emerging markets and, in this context, the support of the United States together with a milei strengthened to advance in the approval of reforms, configure a potentially very positive scenario for a marked recovery of local assets in the short term, “he said Matías Waitzer, partner in AT Investments.
“Besent’s post generated a strong market reaction, with bonds in dollars more than 5% against the adreflecting that it is more than what I was extinguished. It clears the uncertainty about the liquidity difficulties generated by the economic program so far – the announcement that the treasure would be willing to buy directly sovereign debt strongly increases the chances of the country’s risk falling to the point that the government can go out to issue debt in early 2026, “he contributed Federico Filippini, Chief Economist of ADCAP Grupo Financiero.
S & P Merval and Adrs
On the other hand, the leader of the S&P MERVAL scale scale more than 3% to 1,870,594,190 points, while at the counterpart in dollars it rises 4.3% to 1,337.57 points. The most outstanding rises belong to Grupo Financiero Galicia (6.8%), Central Puerto (6.6%), Supervielle Group (5.4%) and Metrogas (4.5%)
The Argentine papers that are quoted on Wall Street operate with profits of up to more than 8%, headed by Grupo Financiero Galicia, followed by Grupo Supervielle (6.9%), Banco Macro (5.7%) and Gas Transporter del Sur (4.4%).
The dollars collapse
The announcement of the strong support of US to Argentina – after the meeting yesterday hand in hand between Milei and Trump – brings oxygen on the exchange situation, after several days of pressure on the exchange rate. The dollar quotes move away from the maximum of last week, when they reached $ 1,500, exceeding the flotation band.
Now, they approach $ 1,300, government objective to keep inflation at bay. The US help also aims to reinforce BCRA reserves and clear doubts about the payment of debt matches.
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.
