Argentina’s bonds closed higher on Tuesday encouraged by their attractive rates, while stocks remained balanced.
Argentine Stock Exchanges and Markets (BYMA)the Argentine stock market adds his second day in a row with losses. This is after knowing the inflation data in the northern country, which shows a strong improvement compared to the previous month, and before the uncertain reality generated by the electoral context.
Learn more – Follow the price of the blue, official, CCL and MEP dollar in Argentina
The S&P Merval is down 0.3% after falling 0.02% on Monday to 380,559.18 points. The largest losses of the leading panel are for Telecom (-3.1%), Central Puerto (-2.9%), and Transportadora de Gas del Sur (-2.3%). The rises, meanwhile, are headed by Galicia Financial Group (+2.2%), and Securities Bank (+1.6%).
On Wall Street, ADRs are mostly up, led by Supervielle (+2.8%), Grupo Financiero Galicia (+2.5) and Bioceres (+2.1%). The falls of Mercado Libre (-2.7%), Transportadora de Gas del Sur (-2.6%) and Central Puerto (-2.3%).
“The most important economic data will be inflation, which will be known on Wednesdayand in turn, said date is the limit in the term for the recognition of alliances, which is why definitions are beginning to be glimpsed for the electoral process,” said Portfolio Personal Inversiones.
He added that “also We will closely monitor the potential agreement between the International Monetary Fund (IMF) and the national government, given its impact on the reserves of the central bank (BCRA)”.
It should be remembered that the Government negotiates with the IMF reschedule goals and advance disbursements to fight rising inflation and sustain exchange parity.
Bonds and Country Risk
in the segment of fixed rentbonds denominated in dollars operate with the majority of increases in up to 3.8% for Global 2029. Followed by Bonar 2035 (+2.3%), and Bonar 2030 (+1.3%).
For his part, he risk country stands at 2,348 basis points, falling so far in June a 9.3%.
Source: Ambito
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