Analysts explain that we must be “attentive” to the evolution of the following rounds, since Tuesday was the first day where the impact of Trump’s inauguration and his statements on the market could be evaluated.
The dollar bonds are listed in green in Wall Streetand the country risk remains below 650 basis points, while the market is still digesting the speech inaugural of donald trump as president of the USA and remains attentive to his first movements.
“After Monday’s holiday in the United States, Argentina’s dollar debt ended with its fall on Tuesday. We were seeing a divergence in the performance of our Globals and the rest of the emerging/frontier markets. lThe bonds in Argentine dollars had put together four consecutive rounds of declines while their peers showed progress,” they explained from PPI.
However, this broker proposed to remain “attentive” to the evolution of the following wheels, since Tuesday was the first day where the impact of Trump’s inauguration and his statements on the market could be evaluated.
It should be noted that, on the previous day, Argentine Globals advanced between 0.1% and 0.7%, in a favorable climate for emerging markets (ETF EMB advanced 0.7%). In this way, the country risk fell 6 basis points to 638 points and the weighted average yield of the Globals compressed again to 11%.
News in development.-
Source: Ambito
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