Bad day for Argentine assets: shares and bonds in dollars sink up to 6%

Bad day for Argentine assets: shares and bonds in dollars sink up to 6%

Among the actions with the highest casualties, appear YPF (-4.3%); BBVA bank (-4.3%); and Banco Macro (-3.8%).

On Wall Street, meanwhile, the papers of Argentine companies operate falls of up to more than 6%, led by Supervielle Group (-6.1%); BBVA bank (-6%); and Banco Macro (-5.7%).

“After the upward momentum that (local stocks) took in mid-December, prices entered a zone of indefiniteness,” said Mauro Natalucci from Rava Bursátil.

Bonds and country risk

In the fixed income segment, for its part, bonds denominated in dollars deepen their negative streak and lose up to more than 5%. The largest decreases are recorded by Bonar 2035 (-5.1%); the Global 2046 (-4.7%); and the Bonar 2029 (-4.4%).

Thus, the country risk measured by JPMorgan was located at 2,056 basis points, the highest level since last January 9. This indicator returned to the line above 2,000 basis points the day before, for the first time since mid-January.

Source: Ambito

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