Argentine dollar bonds closed the week with a cumulative fall of up to 8.5%, within the framework of the exchange of titles promoted by the Government.
There are no operations in the local market due to the Memorial Day holiday, but the bonds listed in New York under foreign law -the Globals- fell this Friday to an average of 1.8%.
For their part, the ADRs of Argentine companies that operated on the Stock Markets of that North American city closed mixed. Was highlighted the fall of Edenor (-2.5%), and the rise of Central Puerto (+3.9%).
The country risk for Argentina, measured by JP Morgan, rises 2.1% and stands at 2,549 basis points, a maximum since last November 7.
For its part, Wall Street ended up but in Europe the situation was different: Deutsche Bank shares fell for the third day in a row, this time 9%.
Shares of the largest German bank have lost a fifth of their value so far this month and its credit default swaps – which are insurance for bond investors – suffered the biggest rise in a day on Thursday
Within this framework, the United States Secretary of the Treasury, Janet Yellen, convened for this Friday the heads of the main financial regulators of that country for an unscheduled meeting of the Financial Stability Oversight Council.
Source: Ambito
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