“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.. In turn, a series of recent data continued to paint a gloomy picture for the economy of the North American country.
As for the Argentine companies that are listed on Wall Street, general declines are evident. Thus, the main decreases are for YPF (-3.8%), Cresud (-3.3%), and Mercado Libre (-2.5%).
The bonds in the local over-the-counter segment fell to 1.5% thanks to the Bonar 2029, although losses from the beginning of the day were shortened. Even some titles reverse the trend, such as Global 2028 (+1.1%), and Global 2029 (+1%). Despite this, sovereign debt accumulates a drop of almost 10% in seven consecutive sessions.
“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 rose six points to 2,440 basic points.
As for the bonds tied to CER, this day they operate with majorities of rises: the TX28 (+3%), the TX26 (+1.9%) and the T2X2 (+0.7%) stand out
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
