The Leading index S&P Merval of Argentine Stock Exchanges and Markets (BYMA) fell 0.55%, to 90,652.51 points, against a drop of 0.61% the day before. The influential Wall Street yielded 0.67%.
“At current interest rate levels, we expect the rotation from stocks to bonds to continue, which is likely to continue to bring volatility and uncertainty to the stock market,” consultancy Delphos Investment said.
The International Monetary Fund’s (IMF) assumptions about Argentina’s economy are subject to change, but the objectives of the current program between the IMF and the country remain the same, an IMF official said on Tuesday.
The IMF board approved a new $44 billion program with Argentina in March, which it acknowledged carries “exceptionally high risks” due in part to spillover effects from Russia’s invasion of Ukraine.
Bonds and country risk
The Argentine country risk that the JP.Morgan bank prepares daily it yielded 22 units at 1,754 basis points, after having exceeded 1,800 points intraday.
Bonds in dollars reflected this behavior and sought a readjustment to the average positive level of 0.5% at closingwhen they previously recorded a drop of up to 0.4% given the weakness of the international markets.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
