Bonds in dollars extend your recovery this Wednesday, October 11, and they rise 2.5% on average in New York, so the Argentine country risk It gives up its lowest level so far this month, already below 2,600 points.
The day is marked by portfolio rearrangements in the face of new obstacles to large operators in financial dollars and official controls that limit the marginal negotiation of the blue dollar, when investors seek to dollarize their holdings shortly before the presidential elections.
Under this panorama, Argentine titles were positive for the third consecutive day on Wall Street, led by those governed under foreign law, after a long downward streak.
So, The Argentine country risk fell 1.5% to 2,582 points, the lowest since the end of September.
In recent weeks, portfolio dollarizations have been lightened in the face of an uncertain political and economic outlook after the presidential change that will take place on December 10.
In 11 days, Argentines will go to the polls to elect a new president, where the libertarian Javier Milei, who proposes dollarizing the economy and eliminating the Central Bank (BCRA), the current Minister of Economy Sergio Massa, defender of the peso, and Patricia Bullrich of the center-right, who encourages bimonetization.
“The great challenge we have next year is that, whoever the president is, he can generate enough political capital to guide a stabilization process,” former Deputy Economy Minister Fernando Morra told Reuters. “That is going to be difficult because of the type of election we are seeing. I would not dare to tell you that this cannot be worse because politics is not giving us tools to think about stabilization,” he estimated.
Bonds in pesos
Regarding the weight segment, the CER adjusted bonds operate with disparity. Those that recorded the most notable losses are the DIP0 (-5.5%), and the DICP (-0.9%). Meanwhile, the most important increases are led by the PR13 (+1.6%), and the PARP (+1.2%).
For their part, the Dollar Linked bonds They remain very firm, and advance until 1.6%headed by T2V4. At the same time, the TV24 upload a 0.2%.
Source: Ambito
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