At the same time, titles in pesos that adjust for CER (inflation) deepen their slide, despite the purchase of official entities such as the Central Bank (BCRA) and the pension entity Anses, which seek to stop the collapse, operators said.
Does not make “There is no news or indicator to push them (bonds) even further into the free fall they are in (…) The global ones ‘price’ very aggressive restructuring scenarios”, pointed out from Portfolio Personal Investments (PPI).
The market remains attentive to International Monetary Fund (IMF), whose board of directors should approve the first review of an agreement recently signed with the Argentine government at its meeting on the day and, with it, release some 4,000 million dollars for the hit coffers of the BCRA.
The Ministry of Economy managed in the last two days to reduce debt maturities that the Treasury must face next week to only 40%, after two swap operations for 362,500 million pesos (about 2,923 million dollars).
In this context, dollar bonds lost up to 4.2%, with declines led by the Bonar 2030. Only a couple of Globals operated with increases: 2035 (+1.5%), and 2046 (+0.2%). These stocks pierced prices based on the start of trading with a giant restructuring in 2020.
Thus, the argentine country risk the JP.Morgan rose eight units, to the all-time high of 2,293 basis pointsbeing one of the worst indicators among emerging economies.
ADRs and S6P Merval
On the New York Stock Exchange, Argentine shares rehearsed a rebound, and in some cases climbed up to 8%, such is the case of Despegar.
The shares of the state oil company YPF gained 1.4%, among operators who await the ruling of a New York court on the expropriation issue, which could cause significant “costs and losses” if it were adverse, they said from Rava Bursátil.
For its part, the BYMA S&P Merval index managed to bounce upwards with 0.8%, to 83,826.85 points, against a strong loss of 6% in the last four sessions in a row.
Source: Ambito
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