The decreases were led by the Bonar 2041 (-5.6%), the Bonar 2035 (-2.7%), the Global 2030 (-2.3%) and the Global 2041 (-1.9%).
For its part, the debt with CER adjustment fell by 0.15% on average along the curve, differing only in TX28, which rose by 1.3%. Finally, the interest in the new 2023 duals continues, which rose 1% in its three versions, with the TDJ23 standing out, which with good volume gained 1.3%. The latter is one of the new swap bonds launched by the Ministry of the Economy led by Minister Sergio Massa last week and one of the most traded in the last few rounds, according to an operator told scope.com.
In that context, the country risk prepared by the JP. Morgan bank rose 1.1% to 2,422 basis pointsafter approaching levels prior to the departure of Martin Guzmán.
“While the successive economic announcements continue to be analysed, and pending progress in implementation, local assets continue to be more ‘hostage’ to global risk appetite and so they respond especially to these fluctuations, after having left behind the strong recovery which triggered expectations for the new economic team,” said economist Gustavo Ber.
A disarmament of positions is observed because Wall Street also had a partial respite to the downside, but the diversion of funds to portfolios tied to the interest rate is slowly noticeable despite the risks of latent devaluation,” said a market agent.
The Central Bank (BCRA) increased its reference rate last week by 950 basis points to 69.5% per year, which triggered fixed-term deposits up to 70% in pesos amid inflation that is projected around 90% by 2022.
S&P Merval and ADRs
The S&P Merval stock index it gained 0.94%, to 125,962.94 points as a provisional closing, in a selective context and adjusted to the next publication of the minutes of the Federal Reserve of the United States.
Among the stocks that rose the most were those of Loma Negra with an increase of 6%, followed by Transportadora de Gas del Norte (+3.5); and those of Transportadora de Gas del Sur (+2.2%).
On the contrary, the declines were led by Aluar shares, with a decrease of 3.6%; those of Mirgor, with a fall of 2.4% and those of Ternium, which fell by 1.3%.
On the international scene and according to preliminary data, the S&P 500 lost 31.13 points, or 0.75%, to 4,274.07 units, while the Nasdaq lost 164.40 points, or 1.25%, to 12,938. ,fifteen.
The Dow Jones Industrial Average fell 173.58 points, or 0.51%, to 33,976.73. U.S. bond yields rose on Wednesday despite dovish tone in the Federal Reserve’s July meeting minutes.which some investors saw as a reaffirmation of a slightly less aggressive stance in the central bank’s fight against rising inflation.
Fed policymakers said last month that the pace of future interest rate hikes would depend on incoming data, and the minutes did not indicate a clear bias toward a less sharp half-percentage-point rate hike, or a third consecutive increase of 75 basis points, at the next meeting on September 20-21.
While, the Argentine papers listed on Wall Street operated with the majority of losses led by Mercado Libre, which closed with a decrease of 4.9%, followed by Ternium (-3.9%) and Cresud (-2.7%).
Among the ADRs that closed higher, those of Loma Negra stand out (+4.2%); Central Puerto (+0.5%) and Telecom (+0.2%).
Source: Ambito
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