The Argentine stocks and bonds fly this Monday at the New York premarket, after the Javier Milei’s failure in the general electionswhere it exceeded 40% of the votes and left the Peronist opposition around 31%.
The Global bonds in dollars They react with euphoria and climb up 18%led by GD35followed by the GD46 (+17%) and the GD38 (+16.5%)in a market that reacts with strong optimism due to the strong support of society for the Government, waiting for a second stage in which the economic reforms are carried out. In that context, country risk aims to break through 1,000 basis points.
The enthusiasm is also replicated in the Argentine stocks listed on Wall Street: the ADRs soar up to 36%with strong advances for Galicia Financial Group (+35.8%), Macro Bank (+34.9%), YPF (+21.8%) and Telecom (+18.6%). Even BBVA accompanies the trend, although with a more moderate increase (+0.6%).
Source: Ambito
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