For his part, Argentine papers listed on Wall Street are trading with the majority of increases. The rises are led by Transportadora de Gas del Sur (+6.2%), Irsa (+5.4%) and Telecom (+4.7%). “Wall Street is still cautious, awaiting signals from Powell and the payroll report by Friday, before which domestic assets appear firmer while operators evaluate the implications of yesterday’s very weak debt tender,” said Gustavo Ber.
For his part, a foreign bank agent said that “Slowly more pesos are seen in the market due to the exchange intervention of the central bank, many of which take refuge in bank assets or fixed terms, or only a small part of investors look for the dollar again, at least for now”said a foreign bank agent.
On Monday, the Government launched the reopening of the Export Increase Program (PIE), which establishes a differential exchange rate for the soybean complex of $230 per dollar, with which it aims to raise some $3,000 million until December 31. In that context, The BCRA bought this Tuesday, November 29, US$122 million in the official exchange market. It accumulated purchases for US$314 million during the week.
Bonds and country risk
In the fixed income segment, meanwhile, Sovereign bonds dollar nominees They trade with the majority of increases. Among the most outstanding advances of the day appeared by Global 2030 (+3.8%), and Global 2035 (+3.2%). In that framework, the Argentine country risk measured by JPMorgan it was down 2% to 2,331 units.
Source: Ambito
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