In the local squarethe dollar bonds operate with most rises, although the progress is slight. Those that rise the most are Bonar 2029 (+0.8%) and the Global 2041 (+0.7%). Meanwhile, those who fall the most are Global 2038 (+1.2%) and the Global 2030 (+0.7%).
On the other hand, in Wall Streetthe Argentine sovereign bonds operate down. Those who fall the most are Global 2041 (-0.6%) and the Bonar 2038 (-0.4%). While the only one who goes up is the Bonar 2035 (+0.1%). In that framework, the country risk falls 2.2% to the 1970 basic pointsas measured by JP Morgan.
Bonds in pesos: CER and dollar titles linked
For their part, the CER bonds operate mixed. Earnings are led by PR13 (+8.6%), followed by those of PAP0 (+4.9%) and the TX28 (+3.7%). Meanwhile, those who fall the most are DIP0 (-2.5%), the CUAP (-2.2%) and the DICP (-1.3%).
On the other hand, the bonds dollar linked operate mixed: he T2V4 (+1.1%) and the TV24 (-0.9%).
Markets remain cautious
In the middle of a marked investment caution, The bonds operated unevenly: nominees in pesos with most rises and those in Dollars with majority of casualties.
The defeat of the ruling party in the treatment of an ambitious omnibus law in Congress hit the markets and plunged investors into a sea of doubts regarding the implementation of his government plan.
“The feeling that Congress left is that there is not much intention to push the change that the people proposed with their vote in November, with 56%,” the presidential spokesperson said at a press conference. Manuel Adorni.
“In this lack of collaboration (from Congress) we will evaluate which path to take, and with the rest of the issues we have constitutional tools“, he pointed.
For his part, the analyst Salvador Di Stefano He assured that the failure of the law left a “bitter taste“to investors who had bought sovereign bonds in dollars and shares. “We will have to wait for the market to refine, to rearrange itself, to see how the prices and parities are to see what investment path is adopted,” he added.
For its part, in the stock market the leading stock index S&P Merval falls 1.4%, after falling 5.14% the day before.
The Minister of Economy, Luis Caputorecently said that The non-approval of the law does not affect the economic program, which seeks to stabilize fiscal accounts. “You can’t spend more than you raise,” she stated categorically.
He central bank (BCRA) remains firm with the “crawling peg” of 2% monthly and analysts estimate that the controlled devaluation of the peso induces a strong exchange rate delay given the high inflation that hits the economy and is estimated between 20 and 25% for the first month of the year.
The current exchange controls keep the peso parity under control and They allow the BCRA to accumulate reserves at a time when the liquidation of foreign currency from the grain exporting sector is expected..
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
