In the local market, the foreign currency bonds that fell the most are Global 2035 (-3%), Global 2041 (-2.6%) and Bonar 2030 (-1.9%).
The dollar bonds cut bullish rally this Thursday, March 14, after two rounds of strong increases driven by the decision of the Central Bank (BCRA) to lower monetary policy rates. In turn, the nominated titles in pesos register go up.
So this day in the local marketthe bonds in foreign currency that fall the most are the Global 2035 (-3%), the Global 2041 (-2.6%) and the Bonar 2030 (-1.9%).
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.
“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
For their part, the peso bonds quote with progress. Thus, the CER titles rise up to 4%headed by DICP. They follow him TX28 (+3.4%) and the CUAP (+2.4%).
Meanwhile, the bonds dollar linked quote upward: he T2V4 (+2.0%) and the TV24 (+1.2%).
Source: Ambito
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