Meanwhile, dollar-linked sovereign bonds were heavy, falling 0.7% on average along the curve, with greater volume in the short section, highlighted from the SBS Group.
And they added that, for its part, the CER-adjusted debt operated practically unchanged, with good volume in the TX24, which lost 0.25%.
Notably, US stock indices rose on Wednesday, after a recent slide, in line with lower bond yields, as investors await more clarity on the Federal Reserve’s plans to tighten monetary policy.
The S&P 500 gained 1.84% to 3,980.09 while the Nasdaq rose 2.14% to 11,791.58. Likewise, the Dow Jones Industrial Average rose 1.41% to 31,583.69 units.
In that context, BYMA’s S&P Merval rose 2.7% to 141,001.53 points, in line with Wall Street by general rearrangement of prices with predominance over energy and financial titles.
Among the actions that grew the most, those of Northern Gas Carrier (+7.7%); YPF (+7.6%) and Transener (+6.8%). The shares of Central Puerto (+6.7%) and Transportadora de Gas del Sur (+6.6%) also registered strong increases.
“The day offered a totally successful wheel for share prices. Argentine assets continue with an inertia of strong rises and despite the fact that corrections are not ruled out in the short term, they show that they have a lot of room to continue rising“, he analyzed javier ravadirector of Rava Bursátil.
business moves “seeking to recover reserves according to the agreement reached between the Government and the main agricultural export chambers to increase the supply of foreign exchange”remarked the Cohen settlement and clearing agency.
The agreement between the parties foresees that this week some $1 billionof which some US$320 million were finalized on Tuesday, to reach the end of the month with some US$5 billion.
Based on provisional data, the BCRA’s total reserves are around US$36.6 billion and, according to private analysts, the aim is to increase the numbers to some US$42.0 billion as a basis for something more than three weeks.
Operators do not rule out that the BCRA will increase its reference rate this week after the Government’s decision to order a special exchange rate for soybean exportersto sterilize the prevailing liquidity, in line with what was advanced to Reuters by a source with knowledge of the matter.
Within this framework, Massa is in the US to hold different meetings, including with leaders of the International Monetary Fund (IMF) and businessmen from the energy area. On Tuesday, Argentina and the Inter-American Development Bank (IDB) agreed to expand financing to almost 5,000 million dollars between 2022 and 2023.
Bonds and country risk
In the fixed income segment, Argentine titles in dollars operated with the majority of rises. The rises of up to 1.6% respond to the global ones GD35D (+0.2%), GD29D (+0.6%), GD38D (+1.6%), GD46D (+0.6%) and the Bonar AE38D (+0.2%); AL30D (+0.7%); AL35D (+1.1%).
Meanwhile, the casualties responded to AL29D (-1.1%) and GD30D (-1.7%) and GD41D (-0.4%).
Against this, the risk country measured by JPMorgan it fell to the closing of the wheel a slight 0.25% to 2,360 basic points.
Source: Ambito
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