Sovereign securities showed an extraordinary performance, and although they cut part of the increases, they closed with increases of up to 25% in the US. Those that climbed the most were Bonar 2035 (+24.8%); the Bonar 2038 (+24.5%); and Global 2035 (+20.9%).
Dollar bonds stood out this Monday and the country risk sank to its lowest levels since May, after the official victory in the legislative elections, in a day of optimism in the markets due to expectations of a trade agreement between the US and China.
In a surprising result at the polls, President Javier Milei won decisively in legislative elections in which he sought to improve his presence in a Congress dominated by the opposition. After the electoral victory, the Milei Government convened moderate opponents on Monday to advance an agenda of liberal reforms.
In that framework, The titles showed an extraordinary performance, and although they cut part of the increases, they closed with increases of up to 25% in the US. Those who climbed the most were the Bonar 2035 (+24.8%); the Bonar 2038 (+24.5%); and Global 2035 (+20.9%).
Indeed, The country risk plummeted 39.7% to 652 basis points, a minimum since mid-May.
On the other hand, bonds with CER adjustment rose 4% in the short section and rose 10% in the long section of the curve.
The fixed rate segment rose 0.5% in the short tranche, 4% in the medium tranche and 10% in the long tranche. The floaters, for their part, gained an average of 5.5% throughout the curve.
Finally, the Ministry of Finance announced a tender for this coming Wednesday where it will offer the lecaps S28N5, S30A6 and S30O6, the boncaps T30E6 and T30A7, and the dollar linked D28N5 and D30E6, SBS indicated.
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.
