The bonds mark three bullish days in a row and celebrate the announcements made by the Minister of Economy since his tour in the US.
The Argentine sovereign bonds rise up to 1.21% on Wall Street this Friday, October 25 and they add one more day with an upward streak this week. They have already accumulated two days of escalation encouraged by the announcements about the commitment of disbursements by several international credit organizations made by the Minister of Economy, Luis Caputo.
“The news that is coming from outside regarding Argentina They are very encouraging and this makes the markets react positively. It is very likely that we will continue to see a rally in bond prices and we will be able to easily pierce the 1,000 country risk points,” he points out. Scope market analyst Leonardo Svirsky in this regard.
And, along the same lines, a report from the SBS consulting maintains that, “at the local level, The novelty came from some announcements and revelations regarding financing in dollarsin a context in which macro-financial variables have exchange rate calm as their main protagonist.”
They point out that private deposits in dollars began to recover after the falls at the beginning of the month. “We believe that there is room for loan increases that temporarily strengthen RRNN. Meanwhile, the market continues to bet on disinflation, something derived from the conviction that exchange rate calm can be sustained,” the report says.
News in development.-
Source: Ambito
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