In it local marketdollar bonds ended with majority of casualties. Those who fall the most are Bonar 2038 (-3.3%), the Bonar 2029 (-2.9%) and the Global 2030 (-1.5%). Meanwhile, the only ones who rise are the Global 2038 (+3.4%) and the Global 2029 (+0.5%).
Debt in pesos: strong rise in CER bonds
The CER bonds -which adjust for inflation- record increases of up to 5.8%. Those that advance the most are the CUAP (+5.8%), the PR13 (+3.3%) and the PAP0 (+2.9%). Meanwhile, those who fall with him PARP (-1.9%), the DIP0 (-1.5%) and the TX26 (-1.3%).
For their part, the sovereigns dollar linked operate mixed. He T2V4 gives up 1.5% and the TV24 advances 0.4%.
Bonds in dollars fall and debt in pesos rises
A renewed search for coverage registered the Argentine financial market before a high inflation and a recent sharp drop in interest rateat a time when a tender for Treasury bills and the announcement of a package of economic measures are expected.
He Ministry of Economywith its new leadership headed by Luis Caputoyou will have your first test on the market with tender for short-term fixed rate instruments after the changes in monetary policy.
The tender includes “a ‘LEDE’ for 27 days with a price to be tendered and two ‘BONCER’“, recalled the SBS Group, and pointed out that “it should be noted that the ‘READ’ X18E4with the same maturity as the ‘LEDE’, yesterday (Tuesday) closed with a 115% annual ratewhich would indicate that the market expects the tender to receive a surplus of demand considerably greater than the 2 billion pesos authorized for the issue.”
The over-the-counter sovereign bonds they go up on average a 0.5% led by dollarized emissions, for a country risk that remained stable at around 1,852 basis points.
“The country risk has dropped a lot and the social part and what the Government can do regarding the fiscal deficit will be key in the first three months,” said Matías Roig of Portfolio Personal Inversiones.
“If the variables begin to align, “It seems to me that there is an interesting path for local assets”he claimed.
Meanwhile, the stock index S&P Merval porteño rises 0.8% with operational selectivity for current profit taking short term.
Source: Ambito
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