Bonds in dollars they deepen a long bearish streak and this Thursday, October 5, they write down drops of up to 6%which leads to risk country to hit a new high in one year.
He Global 2038 leads the day’s declinesby recording a loss of 6.2%. Then they follow the Global 2035 (-4.2%) and the Bonar 2041 (-4.1%). For his part, the Global 2046 give in 3.7% and the Global 2029 they do it in a 3.3%.
In that framework, the risk country -measured by the JP Morgan bank- records its fifteenth consecutive increase and mark a new maximum in one yearadvancing 15 units (+0.6%) to the 2,717 points basics.
Dollar bonds do not find a floor: in what context?
In three weeks, the libertarian will measure his strength Javier Mileiwhich proposes dollarize the economy and eliminate the Central Bank, the Minister of Economy and candidate, Sergio Massathat defend the weightalready the center-right leader Patricia Bullrichwhat a vogue for bimonetization.
Meanwhile, this Friday, dollar “Cash with Settlement” (CCL), continues to rise and is now close to $910. Meanwhile he MEP dollar climbs more than $30 to $779.11.
For its part, the stock index S&P Merval operates with a rise of 2.77% and is located in the 605,477.50 pointsencouraged by share purchases as coverage, after shooting up 5.75% in the previous session. While, measured in Dollarshe Merval it keeps balanced around 650 points.
Persistent coverage shots before a complicated economic and political panorama short and medium term put strong pressure on the financial market just a few weeks before a disputed presidential election.
“Ten wheels missing for the general elections, “panic and uncertainty seem to take over the market”said Delphos Investment.
Meanwhile, the country finds itself in a scenario marked by a inflation triple-digit estimate for this year and a strong Tax expenditure that erodes the limited reserves in it central bank (BCRA). Despite the escalation of inflation, the BCRA would keep its reference rate stable in a 118%a source who preferred not to be identified told Reuters.
“It is no longer useful to raise the ratethe expectations slipped away and raising it at this time is not going to stop the flight from pesos to dollars,” said an official from a private bank in this regard.
Source: Ambito
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