Bonds in dollars rose up to 2.5% and CER securities rose up to 6.5%

Bonds in dollars rose up to 2.5% and CER securities rose up to 6.5%

The dollar bonds they ended with most rises this Friday, December 1, and added a new day in positive territory to the balance of important increases in November. This occurred in a wheel crossed by the appointments for the future cabinet of the government of Javier Milei.

The debt securities in dollars they closed upward. Those that rose the most were Global 2038 (+2.4%), the Global 2030 (+1.7%) and the Global 2035 (+1.4%). Meanwhile, only the Bonar 2035 (-0.9%) and the Bonar 2041 (-0.5%).

In NYthe bonuses they ended with most rises. He Bonar 2041 (+1.1%) and the Global 2029 (+1.1%) were those that registered further progress.

In that framework, country risk remained stable and ended in 1,982 basis points.

Debt in pesos: how they closed this Friday, December 1

Regarding the debt in pesos, the securities CER they closed with most rises. Those who climbed the most were CUAP (+6.5%), the DICP (+2.5%) and the PARP(+1.5%). Meanwhile he PR13 (-1.3%) and the TX28 (-0.3%) were the only ones that fell.

Regarding the segment dollar linkedhe T2V4 rose 5.9%Meanwhile he TV24 advanced 1.4%.

Bonds rose: in what context?

Persistent taking of speculative positions once again boosted the stock and bond marketwhere he S&P Merval index grew a sustained 7%after shooting up 39.77% in November after knowing the electoral result in runoff.

“As the cabinet of the new president-elect becomes known and that the possible economic path begins to circulate, we are adjusting our estimates and the market begins to take a position in favor of one or another asset class,” said the consulting firm Delphos Investment.

Milei confirmed financier Luis Caputo as Minister of Economy and the market expects to know the name of the new head of the BCRA.

A few days before a presidential change where the libertarian Javier Milei will take the reins of Argentina, the financial markets were optimistic on Friday regarding the committed implementation of rapid changes that lead to a acute economic crisis.

The far-right economist promised an abrupt cut in public spendinga shrinking of the statethe gradual liberalization of the exchange market, the dollarization of the economy and the elimination of the central bank (BCRA), among other issues.

“The plan in general implies the implementation of an orthodox monetary policy, with monetary and fiscal shock but gradualism in the disarmament of capital controls without a starting exchange cushion,” said the EcoGo consulting.

All eyes are on the complex exchange round and the level of devaluation showing the currency from December 11 with the new government, which is behind schedule with respect to a strong inflationary escalation that could reach 180% this year.

“There is no time for gradualism and we see the official exchange rate converging to the parallel (marginal or “blue”),” said a US bank in a report on Argentina.

“We see that dollarization (of the economy) remains for later, hence “bimonetarism is probable as a short-term scenario”he estimated.

Meanwhile, the Dolar blue bounced $50 this Friday, after falling during six wheels in a row.

Source: Ambito

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