The President appeared before the agricultural sector and promised to lift the restrictions and eliminate withholdings. The first reactions of the market.
The Argentine sovereign bonds in dollars are quoted in green this Monday, July 29, after the presentation of President Javier Milei on Sunday at La Rural, the traditional Exhibition of Livestock, Agriculture and International Industry organized by the Rural Society in the Palermo grounds, where He pledged to eliminate the restrictions and retentions on the countrysidealthough he did not set an exact date for either step.
In that context, Sovereign bonds are trading with increases of up to 0.7% in the case of Bonares and the iconic AL30 climbs 0.22%. Global in dollarson the other hand, gain up to 0.5% in the panels and the one that stands out the most is the GD41, followed by the GD46 (+0.39%) and the GD38 (+0.38%). And finally, Euro Global bonds rise up to 1.5%led by GE41 and GE46 (+0.59%).
Although it is still too early to make an in-depth analysis of how the market interprets the Government’s announcements and the start of phase 2, there is a positive trend in the first quotes of the day.
“The announcements on Sunday in La Rural are part of the things to come and, Although there are no specific dates, they are good and, little by little, the market should react positively.“, he says Ambit market analyst Leonardo Svirsky. However, another voice from the city warns that The big question is still the shortage of dollars and the lack of certainty about the arrival of fresh funds. the country. “That casts a shadow over sovereign bonds,” he says.
Note in development.-
Source: Ambito
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