Bonds in foreign currency operate with generalized declines of up to 2.6% as the conflict with the provinces escalates.
The sovereign bonds in dollars They once again suffer the impact of political tensions and operate with falls this Tuesday, February 27. In that sense, the risk country It rises again for the second consecutive day, exceeding 1,700 points.
The foreign currency bonds operate with generalized declines of up to 2.6% led by Global 2038, Bonar 2029 (-1.8%), Global 2029 (-1.5%) and Bonar 2041. Thus, the risk country rises 2.5% to 1,752 basis points, as measured by JP Morgan.
The conflict with the provinces
He National government withheld 13,500 million of pesos to the province of Chubut and the governor, Ignacio Torres, announced that if the Nation does not return the money, the province will not send its gas and oil. Chubut appeared before the Federal Justice in demand of the co-participation funds and in the middle of a strong political dispute. The presentation bears the number 1,168 and it was made before him Federal Court of Rawson 1 in civil and commercial matters.
The presentation process is for an urgent solution and, meanwhile, from Chubut they announced that they will also appear before the Supreme Court of Justice for having original jurisdiction when it comes to a claim by one State against another, as is the case. This is only an administrative issue where the court now assigned will have to decide whether or not to agree with Chubut.
markets-live-dollar-finance-investments-bonds
Depositphotos
The Government on Monday described as “extortion” the threat by the oil province of Chubut to cut off the supply of gas and oil starting Wednesday.
In relation to the trading day, they stand out from Adcap Financial Group that at the sovereign level we can clearly see “greater selling pressure on the BUENOS provincial bond after 3 LLA senators supported Kicillof.”
Bonds in pesos: how much they operate at this Tuesday, February 27
The CER titles They operate mixed with falls of up to 3.9% for the PAP0 and 3.1% for CUAP. The increases of up to 2.4% in TX26 and TX28 respectively stand out.
For their part, the dollar linked decrease up to 1% with greater selling pressure in T2V4.
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.
