With only 5 days left before the second round of elections, bonds on Wall Street and CER are falling, but dollar linked values are rising.
The dollar bonds fall this Monday, November 13 for third consecutive day in Wall Street. This happens just 5 days from presidential runoffwhich generates a large uncertainty investor.
In the local market, sovereign securities operate with losses of up to 10.5%, led by the Global 2029they follow him Bonar 2030 (-3.9%), the Global 2046 (-3.2%), the Global 2030 (-2.8%) and the Bonar 2035(-1.7%). At the moment, no debt securities are rising.
In that framework, the risk countryprepared by the bank JP Morgan, advances 0.5%until the 2,487 basis points. In this way, he is on his way to writing down his third upload in the thread.
Dollar bonds continue to decline
The current Minister of Economy, Sergio Massadefender of the peso as currency, and the ultraliberal Javier Mileiwhich aims at dollarization and the elimination of the Central Bank (BCRA), will measure their strength at the polls on Sunday, November 19.
“The uncertainty that is generated prior to a choice It is natural (in Argentina), with refuge in the dollar as prevention,” said the economic analyst Leandro Marcarian.
A foreign private banking manager maintained that “the huge electoral intrigue causes it to leave the positions in pesos and there is receipt in the dollarwith a much finer last week according to the perception that each investor has based on the name of the future new president.”
Bonds in pesos
For their part, the CER bonds operate with a majority of casualties, led by the DIP0 (-3%), the PARP (-1.3%) and the PAP0 (-1%). While, they only go up he TX28 (-0.9%) and the PR13 (+0.3%).
The dollar linked they finished they go up. He TV24 and the T2V4 they advance 0.4%.
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.
