“Argentine papers have a large margin of value recovery in the medium term; but the conditions to reduce their short-term risk would still be incipient and transitory if their (economic) context does not balance”said VatNet Financial Research.
The papers with the best upward trajectory in recent days were those of the state oil company YPF, which on Monday traded with a drop of 1.55% “It should be remembered that (at the close of Friday) YPF has an accumulated rise of more than 230% in the local market and above 114% on Wall Street”, said Mauro Natalucci, from Rava Bursátil.
For their part, Argentine papers listed on Wall Street operate with the majority of falls of up to 4% led by Banco Superville, Despegar (-3.2%), Transportadora Gas del Sur (-2%) and Tenaris (-2% ).
Bonds and country risk
Meanwhile, the Sovereign bonds In dollars they operate unevenly in the first negotiations with falls of 2% led by Bonar 2038, Bonar 2029 (-1.2%) and Bonar 2041 (-0.9%). On the contrary, the Bonar 2035 (0.1%) rises.
Within this framework, the Argentine country risk measured by JPMorgan is close to 2,400 points in 2,396, a rise of 1.1%.
Source: Ambito
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