The market continues to readjust after the electoral result and is pressured by the political and economic uncertainty generated by the runoff.
Dollar bonds fall sharply this Monday, October 30 and country risk rises for the third consecutive day. This occurs in a scenario where markets continue to adjust to election results and pressured by political and economic uncertainty that generates the runoff what they will face Sergio Massa and Javier Milei next November 19.
The dollar bonds that operate in the local market suffer widespread falls. Those that decline the most are Global 2041 (-8.8%), the Global 2035 (-5.1%), the Bonar 2035 (-4.7%), the Bonar 2038 (-2.3%) and the Bonar 2029 (-2.2%).
Meanwhile, the risk countryprepared by the bank JP Morganrises 1.2%, or 30 units, to 2,590 points. In this way, write down your third advance in a row.
According to the economist Gustavo Ber “bonds are leaning towards a respite through average declines of -0.7% in their dollar prices among the main references with New York legislation, with the country risk still hovering around 2,600 basis points, as investors remain cautious to the political signals and eventual restructuring scenarios that they fear might have to be faced in the future.
Bonds in pesos
The CER bondswhich adjust for inflation, closed mixed, after advancing in the last day. The greatest losses were those of CUAP (-3.7%), the PARP (-1.7%), and the TX28 (-0.8%). And those who went up were the PAP0 (+3.7%), and the PR13 (+3.1%).
For their part, dollar linked securities climb up to 3.7%.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
