The current political scenario is positive and it is estimated that it could give the Government more room to move forward with the reforms necessary to put the economy in order. A tailwind from foreign markets is also driving the rises.
The dollar-denominated bonds extend the green at the end of the week and thus record their fourth consecutive rise, while the country risk heads towards the area of 1,450 basis points.
The rises are led by the Bonar 2035 (AL35) which climbs almost 2%. It is followed by the Global 2038 (+0.8%) and the Global 2041 (+0.7%).
The local market had another positive session in stocks and bonds on Thursday, combined with slight increases in financial exchange rates. The increases in Lecaps and CER-adjusted bonds were accompanied by “hard dollar” bonds, which improved between 1% and 1.5% on the day, according to Delphos Investment. “These improvements were reflected in a fall in the Country risk to 1,492 points, breaking the 1,500 point mark again, which enables more ambitious objectives,” it adds.
For its part, the S&P Merval in dollars rose 1.2%, remaining very close to 1,300 dollars, helped by the good performance of global markets that seem to have left recent turbulence behind.
News in development.-
Source: Ambito
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