In it local marketthe dollar bonds operate with most falls. Those who give up the most are the Global 2038 (-3.5%), followed by Global 2035 (-3.4%) and the Global 2029 (-4%). Meanwhile, the only ones advancing are the Bonar 2041 (+1%), the Global 2046 (+0.8%) and the Global 2041 (+0.3%). In annual terms, they are on track to close the year with increases of up to 57%.
In that context, country risk rises for the fifth consecutive day. On this occasion it advances 0.3%or 6 units, and is located in the 1,898 pointsas measured by JP Morgan.
Bonds in pesos: how they operate this Friday, December 29
The bonuses of CER segment operates with most rises. Those who advance the most are the PR13 (+5.6%), the CUAP (+5.3%) and the PARP (+3%). While the only ones who fall are the DICP (-1%) and the PAP0 (-0.9%).
Meanwhile, the bonds dollar linked They operate mixed this Friday. He TV24 gains 1.6% and the T2V4 it keeps stable.
Dollar bonds are trading lower: in what context?
“So far last week of the yearthe hard dollar sovereign debt replicated the tenuous movements of last week. Expanding on this point,After weeks exhibiting an incredible rally“, he pointed Personal Investment Portfolio.
Furthermore, last Thursday the first tender for the titles called “Obligations for the Reconstruction of a Free Argentina” (BOPREAL) for a total of US$750 million with maturities in June 2025 without interest rate, and in May 2026 and October 2027 with rates of 3% and 5%, respectively, which were created to settle debts of importers.
Meanwhile, investors continue analyzing the “Omnibus Law” that will be discussed in extraordinary sessions in it Congresswhich includes, among other things, the declaration of economic emergency until December 31, 2025.
The measures considered ‘pro-market’ they promoted a 3.56% increase in the Buenos Aires stock marketthus accumulating an improvement of almost 350% in 2023.
“At first sight, “We do not observe (in the measures promoted by the Government) direct implications for the market that allow a rapid impact on prices.”he said for Javier Casabal from Adcap Financial Group.
“However, we see that the presidential decree shows a pro-market spirit to the reduce regulations and eliminate many restrictions that have been hindering Argentina’s growth. However, the main concern lies in what the measure indicates about Milei’s style in relation to institutions,” he added.
Source: Ambito
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