He Market operated volatility This Thursday, March 6, in the midst of a prudence investor waiting for concrete advances in government negotiations with the International Monetary Fund (IMF) which will allow you to access fresh funds and morigize the delicate situation of the Central Bank reserves (BCRA). In that framework, The City was affected by the fall of the New York indices. Despite that factor, the dollar bonds rose, although slightly, which allowed the country to lower.
In this context, The titles in hard currency climbed up to 0.7% by the hand of Bonar 2038, Global 2029 (+0.7%) and the Global 2035 (+0.5%). Meanwhile, Bonar 2030 and Global 2041 fell to 0.3%. “The dollar bonds operated from least to greatest, and after opening with falls of about 20 cents, purchase appeared with the run of the wheel,” They highlighted from SBS.
The Bopreal, on the other hand, alternated increases and lows along the curve and were almost unchanged.
The President Javier Milei He confirmed that he will send a bill to Congress to have the legislative guarantee for negotiations with the multilateral body, but did not provide specifications in the midst of various intrigues.
Argentina must renew a loan for US $ 44,000 million, the largest granted in history by the IMF, and it follows that there will be new funds with which the Treasury will be debt to the BCRA and this will add those dollars to reservations. However, there are no details about it and in the market different figures are considered on that new money that would be added.
The IMF spokeswoman Julie Kozack, told reporters in Washington about the negotiations: “I can say at this time that this is still under discussion as part of the continuous and constructive dialogue that we are having with the authorities”, without giving more detail about the size and duration of a new program. “We have agreed on how the economic program follows. There will be new fresh funds to recapitize the balance, the assets, of the Central Bank “said Economy Minister Luis Caputo in the Investment Forum & Business organized by the Mendoza Business Council, and He affirmed those funds “they will not imply an increase in gross debt.”
On the other hand, The CER segment was lazy and fell 0.1% in the short section and 0.2% in the long section of the curve.
Likewise, the fixed rate segment remains punished and showed sale in all sections: while the short and medium stretch fell 0.5%, the longest section (boncaps and dual) was the one that suffered the most and yielded 1.8% average.
S & P Merval and Adrs
The leading Byma panel 0.9% fell to 2,270,181.14 points, Meanwhile, measured in dollars advanced 0.2% to 1,849.21 points.
The actions They yielded up to 5.5%headed by Metrogas, Supervielle Group (-3.2%), Black Loma (-2.8%), and Macro Bank (-2.4%). Meanwhile, it rose up to 3.1%Transener, Aluar (3.1%), Ternium (1.7%) and Pampa Energía (1.3%).
For their part, the papers that are quoted on Wall Street, They collapsed up to 4.7%, led by South Gas Transporter, Supervielle Group (-4.3%), Globant (-3.9%) and Telecom Argentina (-3.8%).
Among the few increases in the day, the bioceres actions were highlighted, which flew 13.2% (Wednesday had climb almost 10%), After it transcended this week that the giant Crypto Tether would be interested in the company. The company owner of the Usdt crypto would have accumulated enough purchases of actions of the firm Bioceres (Biox) to, eventually in the short term, make an offer to keep a part of the company’s share capital and claim greater participation.
Finally, Pampa Energía and Despegar won 0.1%, each.
Source: Ambito
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