For its part, the BYMA S&P Merval index erased the initial rise and fell 0.2% to 83,496.70 units, after losing 2.2% in the previous session and accumulating a fall of 11.3% since the results of the mid-term elections were known.
After the president’s announcement Alberto Fernandez sending an economic program to Congress, while negotiations with the International Monetary Fund (IMF) continue, “The expectation is that an agreement will be reached with the IMF but with ‘soft’ conditions that avoid a strong recessionary shock, but it will doubtfully be enough to regain market confidence”said clearing and settlement agent Neix.
Bonds and Country Risk
In the fixed income segment, and like stocks, dollar bonds operate with a majority of losses, led by the Bonar 2029 and the Bonar 2035.
Meanwhile, the Country Risk – prepared by the JP Morgan bank – equals the historical record on Tuesday since the debt swap in 2020, of 1,809 basis points intraday. A report by Portfolio Personal Inversiones (PPI) indicated that “the accumulated probability of default remains above 82%”.
Source From: Ambito
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