The previous round was marked by the optimism generated by Javier Milei’s call for dialogue made at the opening of legislative sessions.
He Argentine country risk bounces this Tuesday, March 5, after minimums of almost 30 months on the previous wheel. That is because the sovereign bonds in dollars they give up to 3%. This occurs within the framework of a day in which investors are still rearranging themselves after a previous day marked by the optimism generated by the call for dialogue at the opening of legislative sessions launched by the president Javier Milei Friday night.
The index measured by the JPMorgan bank yields 2.5% until the 1,629 points. This happens after touching, in the previous wheelhis lowest level since end of September 2021.
In that context, the sovereign bonds in dollars they operated with majority of casualties. Those who register greater losses are the Global 2041 (-3.1%); he Global 2030 (-3%); and the Global 2035 (-2.1%). While the only ones who go up are the Bonar 2035 (+0.6%) and the Global 2046 (+0.2%).
Bonds in pesos: how they operate this Tuesday, March 5
In the weight segment, the CER segment operates with most rises. Those that advance the most are the DIP0 (+4.5%), the PR13 (+0.8%) and the DICP (+0.7%). Meanwhile, the only ones who give in are the CUAP (-2.8%) and the TX28 (-0.1%).
While the dollar linked operate upward. He T2V4 goes up 0.6% and the TV24 keep it up 0.4%.
Dollar bonds fall and country risk rebounds: in what context?
Last Friday, in his speech opening of legislative sessionsMilei confirmed that “will not back down” with its ultra-liberal policies and will send a new package of laws to Congress, At the same time, I invite governors and former presidents to sign a “social pact” to be able to move forward with the reforms they consider necessary.
“The evolution of the dialogue for the ‘May Pact’ will be fundamental, along with the eventual treatment of the ‘Bases Law’ and the fiscal package,” they said from Portfolio Personal Investments (PPI). “In this sense, eyes will be on the ruling party’s ability not to blow up the channels laid while the ‘dialogue’ opposition agrees to approach the Government’s proposal,” they added.
Private analysts estimate inflation for February at around 16%, compared to the 20.6% recorded in Januarywith an annualized rate above 250% that positions Argentina at the top of the world ranking in the matter. “The dollar is in a bearish correction (rise of the peso), where it seems very likely that the market will be very buyer if it trades below 1,000 pesos”, estimated analyst Salvador Di Stefano. “We are reaching a bargain price, which implies that it is time not to sell, and wait to buy with a target of 950 pesos per dollar, then we will see if that level is actually reached,” he said.
Source: Ambito
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