Dollar bonds are once again trading low this Thursday, March 23, but more moderate after the 6.9% collapse when the announcements from the Ministry of Economy were made known.
The dollar bonds They are operating again at low this Thursday, March 23, but more moderate after the 6.9% collapse when the announcements from the Ministry of Economy were made known. Government formalized the presidential decree that orders public bodies to sell or exchange their holdings of bonds in dollars for one in pesos, as published in the official gazette.
In this context, sovereign bonds in dollars fell to 1% led by Global 2030, followed by Global 2038 (-0.7%) and Global 2041 (-0.5%). In the accumulated of the last 7 days, the bonds fell to 6.5% while in the last month the decline was 17%. Thus, the country risk fell 0.3% to 2,466 basis points.
S&P Merval and ADRs
The Buenos Aires stock market is rising to the beat of foreign markets after the US Federal Reserve insinuated that it is about to pause interest rate hikes in the face of recent turmoil in the banking sector that threatens to cause a serious global recession. He S&P Merval it gains 1.05%, to 227,443.51 points against an adverse drag of 1.69% the day before.
On Wall Street, Argentine papers are trading with the majority of increases of up to 4% led by Mercado Libre, Globant (2.7%), Vista Energy (2.6%) and YPF (1.9%).
Source: Ambito
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