This happens on a day in which the session was resumed to debate the omnibus law in the Chamber of Deputies.
The dollar bonds they rise again in Wall Street this Friday February 2nd. Consequently, the country risk cuts a bullish streak of four consecutive days. This happens on a day in which the session was resumed to debate the omnibus lawin the Chamber of Deputieswhich causes investors to remain expectant of the result.
In the local squaredollar bonds operate with majority of casualties. Those who fall the most are Global 2041 (-1.7%), the Bonar 2035 (-1.3%) and the Global 2038 (-1%). Meanwhile, the only ones who rise are the Bonar 2041 (+2.3%) and the Bonar 2029 (+1.4%).
Dollar bonds on Wall Street and country risk: how they operate this February 2
In Wall Streetfor their part, operate with vast majority of increases. However, the increases are slight, led by those of the Global 2029 (+0.4%) and that of Global 2046 (+0.4%).
Consequently, the country risk falls 1.4%or 27 units, and is located in the 1,932 basis pointsas measured by JP Morgan. That way, breaks a four-wheeled bullish streak in a row.
What will happen to hard dollar bonds if the law is approved?
“There is great expectation surrounding its approval (of the law) and the impact it would have on the sovereign hard-dollar bond curve,” he said. Delphos Investment. “It is expected that, If successful, the appetite for these securities will increase and the compression of yields will lead to a rise in parities.. In order to make visible the potential upside of sovereigns, we compare ourselves with their emerging peers,” they estimated.
For its part, since IEBthey maintained that it was a wheel “with little volatility”: “We saw demand for Bonares against pesos. The sovereigns end the day slightly positive. Like yesterday, There seems to be expectation waiting for definitions regarding the omnibus law“.
Bonds in pesos: CER and dollar titles linked
The CER bonds operate with most rises this Friday. In this framework, those that advance the most are the TX28 (+2.1%) and the TX26 (+2.1%). While those who give up the most are the PARP (-1.6%) and the PR13 (-0.9%).
On the other hand, the linked dollar bonds operate mixed. In that framework, the T2V4 give in 1% and the TV24 keep it up 0.6%.
Source: Ambito
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