The BCRA again bought bonds in the peso debt market in both Byma and the MAE.
He central bank made a move this week. According to private estimates, the monetary authority would have issued US$246,000 million to support the prices of bonds in pesos adjusted by CER that were offered to the expectation of better inflation.
The figure is equivalent to 89% of the financial surplus that the Treasury achieved in the month of March.
What was the operation of the Central Bank
According to a report published by the consulting firm Outlier, The BCRA again bought bonds in the peso debt market in both Byma and the MAE.
The report details that 12.6 billion nominals of the TZXD5 bond due 2025. “Meanwhile, operators’ estimates indicate that the BCRA would have purchased 164 billion nominals of that same bond in the MAE, following Communication 7,954 where it reported that it would be present in the MAE round to avoid sharp falls in prices at a similar level to the last one validated in primary bidding,” explained Outlier.
bonds in dollars.jpg
This implies an increase in pesos in circulation of $246,000 million, according to estimates by the consulting firm. According to Delphos Investment“fixed rate instruments continue with increases and [tasa] the implicit inflation, its downward path, and on Friday the same It was at 8.1% monthly in the period to August and closed at 7.7%”, they observed from Delphos Investment.
Source: Ambito
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