The wheel is marked by the elimination of the fiscal chapter of the omnibus law announced by the Minister of Economy, Luis Caputo, on Friday night, which raises doubts as to whether the Government will be able to carry out its economic program.
The dollar bonds sink this Monday, January 29 and the risk country it shoots above 1,900 basis points. The first round of the week is marked by the political tension generated by the elimination of the fiscal chapter of the omnibus law announced by the Minister of Economy, Luis Caputoon Friday night.
In the local square, the dollar securities recorded widespread falls of up to 1.8%, led by Bonar 2029followed by the Bonar 2041 (-1.2%); he Global 2029 (-1.1%); he Bonar 2038 (-0.9%) and the Global 2046 (-0.8%).
In that context, the risk country rose 64 units (+3.5%) and crossed 1,900 basis points to 1,920, according to the measurement of JP Morgan. In this way, it recorded its largest increase in three months, when on October 23 it rose 8.3%.
The Government gave in in the middle of the negotiations of the omnibus law and, in advance of the debate in the Chamber of Deputies, eliminated the tax chapter of the regulations that aims to reform the structural bases of the country.
The articles displaced from the law focused on six key points of the law. Tax Reform of the Government of the Freedom Advances (LLA)among which are the retirement mobility, bmoney laundering, mtax oratory, bpersonal belongings, iincome tax and withholdings.
Bonds in pesos: how they operate this Monday, January 29
In the peso segment, the CER titles operate with a majority of losses of up to 5%headed by DIP0followed by TX26 (-4.7%) and the DICP (-1.5%). While, the only ones who recover are the PAP0 (+3.6%); he PR13 (+1.9%) and the CUAP (+1.3%).
In turn, the sovereigns dollar-linked they operate mixed: the T2V4 (-3.1%) and the TV24 (+0.3%).
Source: Ambito
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