Dollar bonds rise for the second consecutive day after the decision of the Central Bank (BCRA) to lower monetary policy rates.
The bonuses in dollars they extend bullish rally and advance for the second consecutive day after the decision of the Central Bank (BCRA) to lower monetary policy rates. At the same time, titles nominated in pesos they also record increases and The dollar linked prices are mixed.
It should be noted that On Monday, the BCRA lowered its monetary policy rate to 80% annuallyfrom 100% and eliminated minimum rates on fixed-term depositswhile the day before the Government achieved an acceptance of 77% in a large exchange of securities to clear maturities this year.
“The large participation of banks (in the exchange) could have been motivated by monetary policy rate cut“, he estimated Research for Traders.
Thus this day in the local market, the bonds in foreign currency that rise the most are the Global 2041 (+3.3%), the Bonar 2029 (+2.4%), and the Bonar 2035 (+2.2%).
“The BCRA measure forced market agents to look for returns in short alternatives in the secondary market, which contributed to the rise of bonds,” he said Personal Investment Portfolio (PPI)and pointed out that “idiosyncratic factors drive sovereign dollar debt.”
Bonds in pesos: how much are they trading this Wednesday, March 13
The peso bonds they quote with advances, like this CER debt also advances. Those leading the increases are TX28 (+4.6%), the CUAP (+2.9%) and the PARP (+2.1%). The linked, for their part, quote mixed: the T2V4 (-0.8%), and the TV24 (+0.5%).
Source: Ambito
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