This price retraction was also in line with other regional markets, following the stance of the US Federal Reserve (Fed).
The Fed said Wednesday that it will start cutting its monthly bond purchases in November with plans to finish them in 2022, but maintained its view that high inflation will be “transitory” and likely not require a quick rise in interest rates.
Bonds and Country Risk
Yesterday, the JP Morgan bank’s country risk fell four units to 1,737 basis points. This index restarted on September 10, 2020 in the area of 1,083 points after a millionaire sovereign debt restructuring.
Sovereign bonds in dollars again did not catch up with the excellent moment that equities are going through. In this sense, both laws generally closed with mixed quotes.
Among these, the largest bonds traded (AL30 and GD30) concluded negative, which shows the little enthusiasm that they transfer to price.
Source From: Ambito
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