The global negative trend held as fears mounted of a rapid acceleration in inflation, driving up interest rates and crippling the global economy.
In that framework, titles denominated in hard currency scored drops of up to 1.5%, led by Global 2035 (-2.1%); Global 2046 (-1.4%); and the Bonar 2041 (-1.1%).
Indeed, the Argentine country risk rose 1.8% to 1,873 units, its highest level since the beginning of March.
In the segment of pesos, for its part, the bonds that adjust by CER (follow the evolution of inflation) operated with disparity, highlighting the advance of the Quasipar (+5.5%).
“CER-adjusted bonds continue to be very attractive to investors,” despite slight natural pauses in the pace of the market, a trader commented.
The consumer price index (CPI) “continues to worry the investing public looking point-to-point to beat it on its annualized value”said Ayelen Romero of Rava Bursátil.
The INDEC will announce last month’s inflation at 4:00 p.m., which According to analysts, it would show an average of 5.5% (according to the REM of the BCRA), after the rise of 6.7% in March.
The inflation rate for the fourth month of the year will be lower than that of March, which was the highest since April 2002, Economy Minister Martín Guzmán said on Wednesday.
Meanwhile, the BCRA board will later analyze a potential new rise in the reference rate in line with the rise in inflation.
On Wall Street, Argentine stocks moved mixed, between rises led by Bioceres (+5.9%), and Mercado Libre (+4.9%); and decreases led by IRSA Commercial Properties (-3.4%).
In the Buenos Aires bag, the The leading S&P Merval index lost 0.3% to 85,551.5 points, conditioned by energy and financial firms.
The oil company YPF reported on Wednesday a net profit of 26,417 million pesos (238 million dollars) in the first quarter, compared to a loss of 2,247 million pesos registered in the same period of 2021.
This Thursday an executive of the firm said that The oil company could increase its investment plan of 3,700 million dollars planned for 2022, especially with regard to exploration and production activities. Its shares fell 1.5% in New York and lost 1% in Buenos Aires.
Source: Ambito
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