In this framework, the sovereign securities in hard currency without a clear trend, conditioned by the negative trend of emerging bonds.
The steepest falls are headed by Global 2029 (-2.7%), the Global 2030 (-1.9%), and the Bonar 2030 (-1.5%). On the contrary, they raise the Bonar 2041 (+1.7%); he Global 2046 (+1%), and Bonar 2041 (+1.7%).
In that framework, the risk countryprepared by the bank JP Morgan, bounces 0.3% until the 2,466 basis pointsthe first rise in three days.
The next sunday 19 The current Minister of Economy will measure his strength at the polls to assume the presidency, Sergio Massa and the Javier Milei.
“The attention of investors is focused on the electoral signals. While Milei insists on dollarization and closing the BCRA, there is a lack of certainty that generates a lot of concern in the market. Meanwhile, Massa had some definitions about how the exchange rate will move after the runoff“, they said from Portfolio Personal Investments (PPI).
“But we believe that in the next fifteen days there will be a lot of political noise which will generate high volatility in the face of the runoff, resuming the dollarization of many investors’ portfolios,” they added.
Bonds in pesos
For their part, bonds in pesos operate with majority of casualties. Between the CER bonds, the falls of the PARP (-1.3%), and the DIP0 (-1%). While they raise the CUAP (+5.8%); and the TX28 (+2.8%).
Meanwhile, the dollar linked operate disparate: he T2V4 falls 0.3% Meanwhile he TV24 quotes unchanged.
S&P Merval
The Buenos Aires stock market rise strongly On a day marked by results presentation of the third quarter of some key Argentine firms.
He S&P Merval climbs 6.4% until 622,535 points. The stocks that rise the most are those of Central Port (+9.7%), Aluar (+9.2%) and Ternium (+8.2%).
Source: Ambito
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