Safe bet: where to put the weights no matter what happens in the runoff

The financial analysts of the City They see an extraordinary opportunity in the local dollar bondsdescribing them as true bargains in today’s marketso these instruments of fixed rent could be an excellent option regardless of who wins the runoff next Sunday.

This perception is sustained regardless of the results to elect the new president, highlighting the low valuation of these instrumentslargely influenced by the situation of debt bonds of emerging countries.

The global trend of investors towards US Treasury bonds, with high rates of return and minimal risk of defaultthey marginalized the titles of emerging countries, including those of Argentina.

However, the slowdown in inflation in the United States, which stood at 3.2% year-on-year in October, is generating expectations about an eventual end to politics hawkish of interest rates by the Federal Reserve.

Fixed income, is the appetite for emerging risk returning?

In this context, investors are expected to turn their attention towards riskier markets that offer higher returns, among which is the Argentine financial center.

Financial experts suggest that, if the local macroeconomic situation stabilizes and reduce the chances of defaultthese bonds could experience notable growth.

The accessibility of Argentine bonds in the range of 25 dollars is emphasized, compared to the 2001 crisis when they reached 20 dollars. Although some bonuses were redeemed at 35%taking into account the coupon of the Gross Domestic Product (GDP), the compensation amounted to 60%.

Instruments: which ones the City recommends

Regarding recommendations, experts maintain that sovereign bonds in dollars They are more suitable for aggressive risk profiles, requiring a willingness to invest for the long term, although they provide liquidity for sale on the secondary market. Bonuses such as el GD30, with a price of 30 dollars and an internal rate of return of 48%, as well as the GD35valued at $27 with an IRR of 27% and semiannual interest payments.

In a scenario where maintaining pesos implies a loss of purchasing power, the IOL InvertirOnline Research team recommends assets indexed to the Reference Stabilization Coefficient (CER) to protect against inflation.

For the short term, they suggest the National Treasury Bill X18E4, adjusted by the CER, projecting a performance higher than inflation and for a fixed term. And in the medium term, they advise the T4X4 National CER Bonuswith a performance also adjusted to the CER and a favorable annual performance outlook.