Massa aimed when assuming his administration to lower the fiscal deficit, strengthen the scarce reserves of the central bank (BCRA), reduce the inflation rate and give a greater boost to trade.
“The local market, throughout the week, did not show shocks or big movements. Rather, it was more cautious, waiting for more measures and higher specifications,” said Priscila Bruno of Rava Bursátil.
For its part, Argentine papers on Wall Street maintain increases of up to 5%, led by Transportadora Gas del Sur, YPF (4.8%), and Despegar (3.8%). The only fall is Ternium, down 2.8%.
Bonds and country risk
In the debt market, dollar bonds operate with most increases. The rises of up to 2% are led by the Bonar 2030 followed by the global bonds maturing in 2030 and 2045.
Thus, the risk country measured by the bank JP.Morgan yields 53 basis points to 2,383 units, compared to an intraday record high level of 2,976 units noted last month.
Source: Ambito
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