The Bonds in dollars step on the brake and operate down This Tuesday, October 7, waiting for news of the economic team in USA. Meanwhile, the Buenos Aires bagwhich threatened to bouncing, extends its bad streak after collapsing more than 20% in September; and the ADRS they fall to 4%.
In that scenario, the Titles in dollars They stop the rebound of recent days. The setbacks of the Bonar 2038 (-2.1%), the Global 2038 (-2%) and the 2041 Bonar (-1.1%) stand out.
The country risk measured by the JP Morgan low 5.9% Monday and was located in the 1,016 basic points. It is worth remembering that the American bank excluded Argentina from EMBI+its main indicator dedicated to Bonds of emerging markets. As a consequence, investors no longer have real -time information from the Argentine indicator.
Economic team meeting with Scott Besent
At the end of this Monday a new message arrived from Scott Besenthead of the US Treasury, who welcomed the Minister of Economy Luis Caputo And he said that, during his stay, The “productive discussions about the various options that the Treasury has prepared to support the strong policies of Argentina” will continue.
In the middle of negotiations with the US, the Treasury continues to intervene in the official dollar So that the currency does not exceed the roof of the band, although it is still at more than $ 50 from the upper end of the scheme. On Monday, operators estimate that the treasure would have sold about US $ 400 million, thus chaining its fourth day of interventions within the exchange bandwith the aim of containing the dollar at the current level.
In the last four days, with the almost total withdrawal of the agro -export sector, The Treasury would have already lost US $ 1,350 million of the US $ 2,228 million achieved under the zero retentions regimeoperators of the exchange sector reported. If these values are confirmed, it means that It detached from at least 60% of what was achieved under extraordinary liquidation.
Adrs in red
Meanwhile, Argentine roles score falls of up to 5.8% in Wall Street headed by Bioceresfollowed by BBVA (-3.8%), Telecom (-3%), Supervielle Group (-3%) and Galicia Financial Group (-2.9%).
In the local sand, the S&P Merval falls 0.5% to 1,792,728.94 units, while measured in dollars the loss reaches the 2.1% to 1,162 points. The actions of the leading panel give up to 23% by the hand of Metrogasfollowed by Aluar (-2.2%) and BBVA (-2.1%). At the other extreme, the only ones that rise are Black Loma (+1.7%), Cresud (+1.4%), Edenor (+1.2%) and Pampa Energy (+0.4%).
Source: Ambito
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