The dollar bonds operate with majority of casualties. Those who most give in are the Global 2041 (-1.4%) and the Global 2030 (-1.3%). Meanwhile, the only ones that register go up are the Global 2038 (+0.6%) and the Bonar 2030 (+0.3%).
In that framework, the risk country remains in the 1,753 pointsas measured by JP Morgan. Last week, this index had hovered around the zone of 1,600 units, minimum in almost two years.
Bonds in pesos: how much they closed at this Tuesday, February 27
Unlike dollar bonds, CER sovereigns operate with generalized increases. Among these titles, the PR13 climbs 19.8%. Among those who most they go upthey follow him CUAP (+4.6%) and the DICP (+3.7%).
For their part, the bonds dollar linked operate mixed. He TV24 advances 0.8% and the T2V4 gives up 0.2%.
Dollar bonds fall: in what context?
Last Tuesday, the impact of political tension he felt fully in the sovereign fixed incomesince almost all the tenors were offered, but the strong positions finally reached Chubut and Buenos Aires.
In this context, this Wednesday the dollar bonds they maintain the same trend.
The political crisis spread to the Justice, according to what was made public by the governors of the Patagonian Chubut and Buenos Aires. Meanwhile, A federal judge ruled in favor of Chubut and ordered the funding cut to be suspended, while the Government prepares an appeal. and the case would be taken directly to the Supreme Court.
Since the administration of the president Javier Milei was called “extortion” to the threat from the oil province of Chubut cut off the supply of gas and oil starting Wednesday in protest of a cut in a monthly co-participating disbursement. Other Patagonian states said they would join the measure if the arrogance of the president continues, who hides behind strict compliance with the current law.
“Political tension slows down the bond rally (…) The conflict between the Nation and the provinces has an impact on sovereign and provincial bonds in dollars,” synthesized from Cohen.
On the other hand, the province of La Rioja could not cancel debt recently for some US$26 million and the Buenos Aires governor -and former Minister of Economy- Axel Kicillof did not rule out one eventual own issuance of currency.
In January the Government registered its first monthly primary surplus in more than a decade and it comes from recording two consecutive months with a favorable balance in the trade balance, which produced a purchasing renewal mainly in bonds the previous week.
Source: Ambito
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