“The index remains 58 points below its level at the end of 2021 (measured in dollars), and maintains the accumulated loss of 14.15% (so far this year),” an analyst said.
Foreign markets were trading lower after some figures at the US Federal Reserve advocated faster increases in interest rates to contain inflation.as a series of recent data continued to paint a gloomy picture for the economy of the North American country.
As for the Argentine companies listed on Wall Street, most operate at a loss. Thus, the main decreases are for YPF (-2.3%), Globant (-2.3%), and Loma Negra (-2.1%).
Bonds in the local over-the-counter segment fell to 3.3% thanks to Global 2030, although Bonar 2030 also lost (-2.6%). The sovereign debt accumulates a drop of almost 10% in seven consecutive sessions in red.
“Bonds in dollars do not find a floor, with yields of 35%, which translates, in turn, into a very high country risk,” said Gonzalo Gaviña of Portfolio Personal Inversiones, adding: “Seeing the ‘AL30’ bordering on US$19 speaks of extremely high values, of a situation of high stress, with investors waiting for new indications from the Government that give peace of mind, but that, for now, do not appear.”
The Argentine country risk carried out by the JP Morgan bank fell 3% to 2,434 basic points.
Source: Ambito
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