Operators still process the advertisements of salvage from the US, still pending final approval.
Argentine Companies ADRS resume the bullish path this Friday and write down up to almost 5% on Wall Street, whileBonds in dollars go down After the strong increases registered between Monday and Wednesday. Thus, the country risk exceeds 1,000 basic points.
In New York The ADRs operate with a majority of increases, with Port Central heading the profits, followed by YPF (+3.1%), BBVA Bank (+3%) and Galicia Financial Group (+2.9%).
Meanwhile, the S&P Merval 1.6% to 1,796,679.03 points, while its counterpart in dollars does 2.2% to 1,287.91 points. The increases are led by Port Central (+3.8%), Passener (+3.5%) and Pampa Energy (+2.4%).
The market will focus this Friday in debt tender in pesos, where the treasure seeks to renew about $ 5.6 billion. On Thursday the Secretary of Finance, Pablo Quirno, announced the inclusion of three new bonds tied to the dollar in the offer of this placement. It’s about Three bonds to October 31 (D31o5), November 28 (D28n5) and December 15 (TzVD5), in the middle of a greater appetite for coverage observed this Thursday the futures market.
“We observed a reversal of the positive trend that Argentine assets had shown in recent weeks. However, in an adverse day for local markets, Both Bopra Bopreal bonds and the instruments that offer exchange coverage registered high demand, which prompted the government to even increase the supply by DLLK instruments for today’s tender“They explained from Delphos.
The agro -export sector will have until Tuesday of next week to liquidate 90% of the US $ 7,000 million declared under the retentions scheme in 0%. On Thursday, the agro -export sector completed a record greater than US $1 billion. “As a counter, there was a strong demand for coverage instruments. Since cross restriction still governs companies, the alternatives available for cereals are reduced to future dollar contracts and dollar linked bonds“They explained from the same report.
Bonds and Risk Country
The sovereign bonds In dollars they operate with a majority of losses: the Bonar 2029 BACK -1.7%; The Global 2030, which falls 1.5%; he Bonar 2038 It does 1.4%. In contrast, the Global 2038 Lead the rises and advance 0.7%.
He country risk It is located in 1,013 basic points (PB), which marks an advance of 85 bp and a 9.16% road variation in the last 24 hours.
Source: Ambito
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