The dollar bonds operate with majority of casualties this Friday, January 12, and they cut bullish streak. This happens after knowing that the data of December inflationwhich indicated that it accelerated to 33-year highs.
In that framework, in the local squarethe Sovereign bonds The ones who give in the most are the Bonar 2041 (-4.9%), the Global 2029 (-2.4%) and the Global 2038 (-1.4%). In the previous day, these titles had skyrocketed up to 8%. This Friday they only record profits Global 2041 (+1.7%), the Bonar 2029 (+1.3%) and the gglobal 2030 (+0.7%).
In that framework, the risk country Opera stable by staying in the 1,923 basis pointsas measured by JP Morgan.
Bonds in pesos: how they operate this Friday, January 12
For their part, the CER titles operate disparate. Among those with the highest profits, the PAP0which climbs 5.0%and the DIP0 (+2.5%). Meanwhile, among those who score further declines are found the PARP (-3.9%), followed by PR13 (-3.4%) and the CUAP (-2.5%).
On the other hand, the dollar linked operates at low. He T2V4 falls off 2.4% and the TV24 give up a 2.2%.
Dollar bonds flew: in what context?
The Argentine sovereign bonds had just skyrocketed last Thursday after the International Monetary Fund (IMF) and the government will reach a agreement which should unlock some US$4.7 billion of the loan program.
The agreement eliminates, in the short term, the risk in the short term that Argentina will fall behind in its payments before the IMF itself, a possible ‘default’ that was worrying in the financial sphere.
“Getting the program back on track is positive”he wrote in a note Sergio Armella, Goldman Sachs analystadding that the plan had “gone off the rails” last year when the previous Government did not meet the economic objectives established in the program.
In that framework, the Institute National Statistics and Censuses (INDEC) announced the December inflation. The data showed an acceleration that took inflation to maximum of 33 yearswhen registering a 25.5%, he double compared to the previous month (12.8%).
In that way, throughout the 2023the Consumer Price Index reached 211.4%, more than double the 94.8% recorded in 2022and the highest figure since 1990when the price increase of the year reached 1,343.9%towards the end of the hyperinflation.
Source: Ambito
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