The BYMA S&P Merval Index down 1.3%, to 86,409 units, against the 8.8% drop in the previous four sessions and its intraday record of 97,024.42 points recorded last week.
After the electroal result, the Government will be forced to seek consensus with the opposition to leave behind a prolonged economic crisis by losing control in Congress.
The Ministry of Economy will seek to get $ 60,000 million this Thursday in the second local currency debt tender of the month, and the first after the elections, through three fixed rate instruments, with maturities between December of this year and May 2022, and two CER instruments with a deadline in June of next year and March 2023, respectively. This time there will be no titles adjustable at the official exchange rate.
In the first bidding of the month, the Treasury obtained $ 79,585 million, almost seven times more than the maturities it had in that week ($ 11,600 million). Additionally, it managed to exchange 52% of the remainder for the dollar linked T2V1 bond, which expires on November 30. As a result of this operation, the projected maturities for the month of November ($ 328,367 million) were reduced by about $ 50,600 million.
In the fixed income segment, bonds in dollars lost up to 2.7%, as happens with the Bonar 2029 (AL29D). In this framework, the Argentine Country Risk rose 0.9% to 1,736 basis points.
Analysts say that corporate bonds have a special look from investors given the relationship between risk and return, in a financial context of inflation, fiscal deficit, unemployment and lack of agreement with the IMF for a millionaire debt.
Source From: Ambito
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