In the local stock market, the The leading S&P Merval index was operating almost stable, around 87,000 points, against a loss of 2.3% the previous week.
Economic and political tensions of their own keep the financial system in check, at a time when fears of a global recession are increasing amid growing upward pressure on interest rates by central banks.
“Monetary tightening and the prospect of slower growth or a recession continue to dent investors’ appetite for riskier instruments. Many are waiting to see how central banks manage to stabilize bond markets without cause further inflation in their economic areas,” said an ActivTrades report.
Bonds and country risk
In the fixed income segment, the dollar denominated bonds they operate disparately from historic lows. The rises are led by the bonares, which rebound up to 1.5% (2030), while the global ones operate with the majority of decreases, among which the drop in GD35D (-1.5%) stands out.
Facing it, the Argentine country risk, prepared by JP Morgan bank, It fell 0.4% to 2,205 basis points, after setting an intraday record of 2,214 units.
Already more stabilized, after the strong falls during the first fortnight of the month, CER-adjusted bonds in pesos move with most downgrades, led by TX26 (-1.7%) and PARP (-1.6%).
Source: Ambito
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