While, the Merval in dollars It reached more than 660 points and then moderated at 656 points, renewing a maximum since 2019, when it collapsed after the defeat of President Mauricio Macri in the PASO against Alberto Fernández. At that time, the Merval in hard currency went from 900 points to 596 in a single day.
In Wall Street, Argentine papers operate with a positive trend thanks to Banco BBVA (3.1%), Central Puerto and Edenor up 1.9%. Conversely, Corporación América (-2.8%), Cresud (-0.9%) and Loma Negra (-0.7%) fell.
Bonds and Country Risk
In the fixed income segment, sovereign bonds in dollars operate with increases of up to 4% led by Global 2041, Global 2029 (3.7%) and Global 2035 (3.5%). Thus, the risk country Argentina is around 2,046 basis points, when towards the end of last July it climbed to almost 3,000 units.
In addition, the S&P Global agency on Monday raised its long-term local currency sovereign credit ratings for Argentina and affirmed its foreign currency notes, after deeming the recent debt swap carried out by the Treasury “cured”.
Source: Ambito
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