The public fights within the governing coalition and inflation of around 6% for April condition the liquidity of the financial market, operators agree.
They add that to this is added the almost certain rise in US interest rates this week, along with the problems that the renewed cases of COVID in China and the war that affects Ukraine entail in global risk aversion.
The internal fights in the government coalition of President Alberto Fernández are another seasoning that combines against the price of assets, while the pressure on the exchange circuit persists.
Bonds and country risk
On Monday, the titles in dollars yielded up to 1.9% (Global 2035), and the country risk advanced 0.8% to 1,816 points, the highest since the end of March.
In the US, sovereign bonds in hard currency traded all day offered, already losing about 40 cents on average in early morning trading, maintaining that bias throughout the day, they described from the SBS Group.
In the peso segment, CER-adjustable securities showed an upward performance. The one that headed the promotions was the TC23 (+2.5%).
For its part, the dollar-linked sovereign curve was very active, seeing demand in the short tranche (T2V2) and the long tranche (TV24), while the medium tranche (TV23) with good volume fell 0.5%.
Source: Ambito
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