Dollar bonds extended rally and country risk fell to four-month lows

Dollar bonds extended rally and country risk fell to four-month lows

December 4, 2023 – 18:12

Bonds began the week with a majority of increases, in the first of the last four business days prior to the presidential inauguration of Javier Milei.

Depositphotos

The dollar bonds rose for the fourth consecutive day this Monday, December 4, which led to the Argentine country risk to hit four-month lows, already below 2,000 points, on the first of the last four business days prior to the presidential inauguration of Javier Milei and after the names of the cabinet were finished being defined.

In the local square, the dollar securities closed with a majority of increases, led by the Global 2029 (+3.8%); he Global 2046 (+3.5%) and the Global 2041 (+2.9%). Among the casualties of the day, appeared the Global 2038 (-1.2%) and the Global 2030 (-0.8%).

In NYthe Global bonds gained up to 0.3% (Global 2029 and Global 2046), so the country risk, measured by JP Morgan, fell 1.7% to 1,948 basis points, the lowest level since last August.

Debt in pesos: how it operates this Monday, December 4

Regarding the debt in pesos, the securities CER they closed with most rises. Those who climbed the most are PAP0 (+9.5%), the TX28 (+4.8%), and the DIP0 (+1.9%).

Regarding the segment dollar linkedhe T2V4 plummeted 6.5%Meanwhile he TV24 advanced a slight 0.1%.

Source: Ambito

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