Investors were keeping an eye out for domestic economic and political tensions within weeks of a crucial legislative election amid high inflation and heavy monetary issuance.
Meanwhile, in the external context, political tensions are influencing Brazil, Argentina’s main trading partner, after the resignation of Treasury officials.
The S&P Merval leading index of Argentine Stock Exchanges and Markets (BYMA) it was down 0.87% to 86,039.90 at 11:10 local time (1510 GMT), after setting an all-time record of 87,157.62 points intraday on Wednesday.
Chinese real estate giant Evergrande appeared to avoid a default with a last-minute payment of interest on a bond, a source told Reuters on Friday, gaining another week to deal with a debt crisis that threatens the world’s second-largest economy.
Yesterday, in fixed income, dollar bonds fell 0.6% on average, on a very difficult day for emerging markets.
“Difficult context for emerging credit that suffers noise from China and the advance of American rates. The yields of the bonds of the region (Brazil, Chile, among others) climbed between + 3 / + 4bps. Argentina was no exception “, they highlighted from a stock market company.
Country Risk as measured by JP.Morgan bank rose 15 units to 1,653 basis points, close to the record of 1,669 units recorded in March.
In the peso segment, meanwhile, the dollar linked sovereign tranche again showed a borrower, with the short tranche increasing 0.2% and the long tranche 0.6%.
On the other hand, the interest on the debt in pesos with CER adjustment continues, increasing 0.3% in the short tranche and an average 0.5% in the medium and long tranche, with great activity from time to time in TX24.
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
