S&P Merval posts third drop in a row with eyes on Fed and Treasury tender

S&P Merval posts third drop in a row with eyes on Fed and Treasury tender

After the euphoria over the triumph of the Argentine soccer team in Qatar against Croatia, the operators return to the market and are also waiting for the result of a key tender for Treasury titles on Wednesday afternoon.

The leading stock index S&P Merval fell 0.3% to 165,023 units, after falling 0.6% on Tuesday on profit taking.

The market expects the Fed to soften its interest rate policy after inflation data in November was lower than expected by the market.

Bonds and country risk

In fixed income, lhe sovereign bonds in dollars operate unevenly, after two days with firm advances.

Among the increases, there is the Global 2035 (+2.9%); and Global 2029 (+1.4%). On the other hand, on the side of losses, the Bonar 2035 (-2.7%) stood out; and Bonar 2029 (-2.2%).

Meanwhile, the Argentine country risk measured by JPMorgan it yielded 0.1% to 2,267 basis points.

Source: Ambito

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