Dollar bonds stop mini bullish streak and country risk remains below 2,400 points

Dollar bonds stop mini bullish streak and country risk remains below 2,400 points

November 17, 2023 – 14:02

In the local market, dollar bonds operate with a majority of losses, in the last round prior to the presidential runoff.

The dollar bonds operate downward this Friday, November 17, after marking increases of up to 4.7% in the previous day. This occurs in the last round prior to the ballot that will measure the strength of the current Minister of Economy, Sergio Massaand those of ultraliberal, Javier Milei.

In that framework, in the local squarethe dollar bonds operate with majority of casualties. Those who mark greater losses are the Global 2035 (-4.2%) and the Bonar 2030 (-4%).

Meanwhile, the securities of Argentine companies that operate in Wall Street operate with mostly slight increases. Leading the advances are Global 2035 (+0.04%) and Bonar 2041 (+0.04%).

Thus, the risk country falls a 0.1%or 3 units, up to 2,394 basis points. In this way, you register your third go down the thread.

“In line with the parity that show the surveyswe believe that the market will converge to assign equal probabilities of 50% for both contenders. According to our estimates, this is equivalent to waiting a exchange rate jump by the end of the year in the order of 75%”said Adcap Financial Group.

Bonds in pesos

For their part, the CER bonds they go deeper bullish trend. Those that advance the most are the DIP0 (+4.4%) and the PR13 (+6%).

Meanwhile, the titles dollar linked they operated disparately. He T2V4 goes up 3.4% and the TV24 give in 0.6%.

Source: Ambito

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