The Leading index S&P Merval de Bolsas y Mercados Argentina (BYMA) began the day in decline, but around noon it rose 0.8% to 88,145 units, after climbing 4.7% on Monday and approaching its all-time high of 90,576.75 points scored the previous week.
Operators said that the stock market shows investors’ businesses that are short of the devaluation of the peso and, to a lesser extent, of the high inflation and the fiscal deficit that the country supports.
Argentina made an interest payment to the International Monetary Fund (IMF) on Monday for some 390 million dollars of the debt that the country contracted in 2018 and that amounts to about 45,000 million dollars, at a time when it negotiates with the organization a restructuring longer term and with lower rates.
Bonds and Country Risk
In fixed income, dollar bonds they were operating disparate amid a very negative streak.
With all Risk country, prepared by JP Morgan bank, it lost 6 units, to 1,722 basis points, after hitting its highest level since Monday on September 10, 2020, when the index was reconfigured after a multi-million dollar sovereign debt restructuring.
Source From: Ambito
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