In that framework, in the local squarethe dollar bonds rise up to 2%headed by Bonar 2041. Among those who advance the most are followed by Global 2035 (+1.9%) and the Global 2046 (+1.7%). The only ones who give in are the Global 2038 (-4.6%), the Global 2035 (-0.7%) and the Bonar 2029 (-0.5%).
In that framework, the risk country is located in the 2019 basic pointsas measured by JP Morgan.
Markets remain cautious
Behind the defeat of the ruling party in the treatment of an ambitious omnibus law in Congress, which hit the markets and plunged investors into a sea of doubts according to the implementation of your government plandollar bonds operating on Wall Street continue to fall due to the investment caution in which the market has plunged.
“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.
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.
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.
Meanwhile, this Wednesday attention will be focused on the publication of the INDEC report that indicates the data of January inflation. After the jump that took that index to 25.5% in Decemberdriven mainly by the 54% devaluationthe forecasts for January indicate that the Consumer Price Index (IPC) would be located around 20%.
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
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