The bonuses in pesos, both CER Like the dollar linked, registered strong increases this Thursday, December 21. This happened after Deregulation DNU of the economy that made known Javier Milei last Wednesday.
In it local marketthe dollar bonds operate with majority of casualties. Those who regress the most are the Global 2046 (-2.6%), followed by Bonar 2029 (-2.2%) and the Global 2038 (-1.8%). Meanwhile, those who rise are the Bonar 2041 (+2.2%) and the Bonar 2035 (+1.4%) and the Bonar 2038 (+0.9%).
In that framework, the risk country -measured by JP Morgan- rises 0.3%or 5 units, to 1,865 basis points.
Debt in pesos: how they operate this Friday, December 22
The CER bonds -which adjust for inflation- record increases of up to 5.4%led by TX28. Among those who advance the most this Friday, they are followed by TX26 (+5%) and the PR13 (+4.2%).
For their part, the sovereigns dollar linked also they go up. He TV24 advances 0.8% and the T2V4 does it in a 0.6%.
First tender of the Milei era and its impact
This week, President Javier Milei signed a decree that includes more than 300 measures whose objective is deregulate the country’s economywhich includes the elimination of laws on price controls and the promotion of industrial activity.
In this context, the day was marked by a renewed search for coverage in the context of high inflation and a recent lower interest rate.
On the other hand, last Wednesday, the Ministry of Economy took debt in favor of the Treasury by 2.96 billion of effective pesos (about 3,689 million dollars), in what was a multi-million dollar operation Thanks to the liquidity that prevails in the market following a new monetary policy.
The brand new Government of Javier Milei decided through the central bank (BCRA) eliminate transactions of the so-called “Liquidity Bills” (Leliq) from this week and, instead, offer short-term securities in national currency to expand the range of assets in favor of investors.
This first debt placement in the domestic market by the new administration It was relevant since the amount awarded exceeds a third of the money circulating in the Argentine economy..
He total offered rose to $13.05 billionthrough 12,828 offerswhich denotes the strong liquidity that exists in the financial market given the low real value of the local currency against the dollar. But, by making the fixed rate cut of 8.66% monthlyfinally the Treasury placed only $2.9 billion.
In relation to that, in the SBS Group report They assured that “then of yesterday’s Treasury tender, demand for bonds in pesos was expected today”.
Source: Ambito
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