Meanwhile, the bonds of the middle section such as the Global 2035 lose 8.5% and the Global 2038 falls 8.6%. Finally, in the long section, the bonds lost 8.3% and 9.3% in Global 2041 and 2046 respectively.
Meanwhile, the Argentine papers listed on Wall Street operate mixed. The losses of up to -10% are led by Cresud, YPF (-7.5%), Banco Macro (-7.3%) and Grupo Financiero Galicia (-6.4%). Meanwhile, the rises of up to 3% of Banco Superville, Loma Negra (+2.2%), Irsa (+1.7%) and Transportadora Gas del Sur (+1.6%).
The resignation of Martín Guzmán as head of Economy and the appointment of Silvina Batakis as head of the portfolio with a more heterodox profile, generates a climate of nervousness in the financial market. Yesterday, dollar-denominated bonds plummeted up to 8.1%, after falling more than 11% at the beginning of the day.
“The conflict has tipped the field in favor of Cristina (Kirchner), who is also concentrating power again,” political analyst Ricardo Rouvier told Reuters.
Batakis is considered close to the vice president, the most powerful politician in the government coalition and a staunch defender of the state’s intervening role in the economy and the expansion of public spending.
Source: Ambito
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