Bonds in dollars cut bullish rally and ended with a majority of losseswhile the Buenos Aires stock market managed to finish in greenthis Thursday June 8, for foreseeable profit-taking and waiting for a millionaire exchange in pesos to alleviate short-term maturities.
In the previous day, sovereign debt in dollars had climbed to almost 8%. However, this day the bonds denominated in foreign currency traded with the majority of falls. Thus the deepest were for Global 2041 (-3%), and Global 2035 (-2.8%). The rises, meanwhile, were led by the Bonar 2035 (+4%), the Bonar 2029 (+2.4%).
“Certainly we welcome the authorities’ efforts to reduce refinancing risks associated with domestic debtwhile making sure that these operations are carried out in a way that protects debt sustainability,” said IMF communications director Julie Kozack.
The Government is negotiating with the IMF to reschedule goals and advance disbursements, for which reason the Economy Minister, Sergio Massa, will travel to the United States on June 20as long as there is progress in the negotiations and the new understanding is signed.
Argentina comes from renew and expand a line of “swap” currencies with Chinawith the idea of giving the central bank (BCRA) room to contain the price of the peso and stop the daily loss of reserves.
ADRs and shares
The leading index, the S&P Merval of Stock Exchange and Argentine Markets (BYMA) it falls 0.6% to 380,430,920 points.
The actions mostly operate downward, with falls for: Argentine Aluminum (ALUA) 2.5%, BYMA with 2.4%and Supervielle Group with 2.9%, they record slight increases: edenor with 0.6%, Telecom 1.6% and YPF 1%.
On Wall Street, meanwhile, the ADRs Argentines mostly operate with a negative trend. Also, it stands out MercadoLibre with 5.6%.
Source: Ambito
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