The index measured by JP Morgan it fell 2.8% to 1,698 basis points, its lowest level in three weeks. So far this month, this indicator accumulates a decrease of 11.3%.
All in all, dollar bonds extended their bullish rally, gaining up to more than 4%, with rises led by the Bonar 2029 (+ 4.7%); the Bonar 2038 (+ 4.6%); the Bonar 2035 (+ 4.2%); the Bonar 2041 (+ 4.2%); and the Bonar 2030 (+ 3.6%). For their part, the Globales showed increases of up to 3.5%.
In five consecutive wheels, these titles accumulate a rebound of up to 17% (Bonar 2030).
“Rumors of progress on an understanding with the IMF are what is pushing bond prices the most. Also, today is a very good day internationally with an improvement in risk appetite. It is the best possible combination. “, commented to Ambit Nery Persichini, chief economist at GMA Capital.
Source From: Ambito
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