Bonds in dollars they go deeper bearish streak this Friday, October 6 and write down drops of up to 9.5%which leads to risk country to maximums in one year. Meanwhile, the titles in pesos rise up to 3%.
He Bonar 2041 leads the day’s declines with a loss of 9.5%, followed by the Bonar 2035 (-6.3%), the Global 2038 (-5.3%) and the Bonar 2038 (-5%). For his part, the Global 2041 give in 4.1% and the Global 2030 does it in a 3.9%.
In that framework, the risk country -measured by the JP Morgan bank- records its sixteenth consecutive increase, advancing to 2,719 basis points, and touched highs in a year when on October 20 it reached 2,743.
“In the dollar bonds There is a clear reality and it is that They come very beaten after PASO“, he claimed Leonardo Svirskyoperator of Bull Market Brokers at Ámbito. Furthermore, he added that the negative trend “it doesn’t seem to have a floor“.
As opposed, Alejandro Bianchi, CEO of Investor Advisor, assured that “the floor is very close, if you are no longer touching it” and that currently “there are lots of bonuses for him exchange rate management what is done through this with the MEP dollar“.
This Friday, the dollar “Cash with Settlement” (CCL) operates in $895.48, rising 0.2%. Meanwhile he MEP dollar It is trading at $817.48, climbing 4.2%.
At the same time, the stock index S&P Merval sub 3.3% and was located in 633,246.71 pointsencouraged by share purchases as coverage.
Dollar bonds suffered a new fall: 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 leader of JxC, Patricia Bullrichwhat a vogue for bimonetization.
“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 keeps its reference rate stable in a 118%.
In that framework, Bianchi stated that “if you look at the bonds as an investment and not as an asset to be passing throughit makes sense to enter that area because can have an important appreciationeven if it were to default,” he stated. But he clarified that “You have to have a lot of courage to enter a bonus in which you know that you can eat the fourth default in 15 years“.
Source: Ambito
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