The market is “waiting for concrete news with the IMF that will restore their attractiveness, in the middle of a dull January and that exposes very little operating volume,” said Javier Rava of Rava Bursátil.
In the external context, fears that the US Federal Reserve will be more aggressive in raising interest rates this year continue to limit investor confidence.
bonuses
This Wednesday, this day the sovereign bonds in foreign currency rose up to 4%. Sovereign dollar securities have fallen almost every day since the beginning of the year. Therefore, some assets such as the AL30 and AL35 bonares, or the global GD35, show parities below 30% (compared to the technical value at the time of issue).
“The weighted average price returned to the minimum levels after the restructuring. The indicator stood (on Tuesday) at US$30.73. The curve deepened its negative slope and the average rate exceeded 21% for the first time since the new titles”, deepened from Portfolio Personal Investments.
In this way, local bonds are among the riskiest on the planet, only behind Venezuela, Lebanon, Sri Lanka, and Zambia, although still far from the very high yields shown by the first two countries.
The collapse of Argentine titles occurs, on the one hand, due to the uncertainty surrounding the negotiations with the International Monetary Fund (IMF) due to differences in fiscal matters that still seem far from being remedied.
Source From: Ambito
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