The leading S&P Merval index of Argentine Stock Exchanges and Markets (BYMA) lost 0.37% to 84,813.38 units, after gaining 1.91% the day before.
In the external context, investors were keeping an eye on the United States Federal Reserve (Fed) and its next monetary policy moves.
The Buenos Aires stock market gained almost 2% this Thursday, amid greater exchange pressures due to hedging given the lack of progress in the country’s negotiations with the International Monetary Fund (IMF) for a bulky debt, while dollar bonds they returned to the downward path, while the Country Risk exceeded 1,900 basic points and closed at a maximum of 16 months.
Bonds and Country Risk
Yesterday, dollar-denominated bonds closed lower, after scoring their first and only rise in the year the day before, in a selective round of business.
Among the most outstanding setbacks, the Bonar 2041 (-2.5%) appeared; and Bonar 2030 (-2%). Dollarized securities show a rate of return (IRR) of up to 29.1% per year (Bonar 2029).
Thus, the Country Risk prepared by the JP Morgan bank rose 1.4% (27 units), to 1,907 basic points.
In the segment of pesos, dollar-linked sovereign bonds continued with strong demand, rising 0.8% on average this Thursday: TV23 stood out again (+0.9%).
For their part, CER-adjusted bonds showed supply throughout the curve, from the leceres to the long section of the curve, losing 0.5% on average (with the exception of TX22, which rose 0.1%), SBS reported.
Source From: Ambito
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