Regarding the CER segment, the rise above 4.5% of the Par stands out, followed by the Quasi-par (3.5%), while the Bonceres advanced up to 0.5%.
In this way, the risk country Prepared by the JPMorgan bank, it loses -1.59% to 1,791 basis points, piercing the level of 1,800 points, the lowest since May 5, 2022.
The bonds maintain an ascending path of prices at the average of January, when the Government announced the repurchase of external debt is for about 1,000 million dollars. “With data as of January 27, we estimate that the Treasury has already bought 482 million dollars of foreign currency titles, being one of the determinants of the poor performance of international reserves in the last 15 days,” said the clearing agent and Cohen settlement.
“These debt repurchase operations (…) are not well regarded by the IMF despite the fact that the government had said that it had its approval”he added.
He International Monetary Fund (IMF) warned Argentina on Wednesday that the objectives of the program agreed with the agency to rebuild foreign exchange reserves with the repurchase of bonds should not be undermined.
The international reserves of the central bank (BCRA) total 41,376 million dollars, according to the latest data from the monetary entity, at a time when lower settlements in the agro-export sector pressure the BCRA to sell foreign currency to attend genuine market needs. On the first day of February, the entity parted with about 42 million dollars of its reserves, after losing about 191 million in January.
“Both the yields and the volatility of the instruments (in pesos) depend mainly on the interventions of the BCRA and the presence of public institutions in the Treasury tenders to refinance maturities,” said Delphos Investment.
He added that “The participation of private banks is also relevant, which generated a certain mutual dependence with the financial needs of the State.”
S&P Merval and ADRs
He S&P Merval it fell 0.84% to 248,999.87 units, accumulating its second consecutive drop after losing 0.98% in the previous session due to profit taking.
The S&P Merval marked a record high of 267,244.18 units in January and accumulated a rise of 24.47%.
For their part, the Argentine papers that operate on Wall Street They rise to 7% after the announcement by the Fed that it increased its reference rates by a quarter of a percentage point and foresees new increases, in a context in which it considered inflation “moderate” but “high”. Thus, the advance of Globant (6.9%), Despegar (5.7%), Mercado Libre (2.5%) and Irsa (2.1%) stands out. Conversely, Tenaris (-2.9%), YPF (-2.4%) and Banco Superville (-0.9%) decreased.
Source: Ambito
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