S&P Merval cuts negative streak, but country risk rises again and is close to 1,800 points

S&P Merval cuts negative streak, but country risk rises again and is close to 1,800 points

“This week there are several points to monitor. Among them, the details of the agreement and its subsequent treatment in Congress and the signs that the ruling coalition offers about its internal disputes,” said Portfolio Personal Inversiones.

For his part, an economist told the Reuters agency that support in Congress should not take so long, taking into account the March 22 maturity date for US$2.9 billion, at a time when the Central Bank’s net reserves are are below US$1 billion.

In the fixed income segment, the main sovereign bonds in dollars trade mixed, maintaining the trend of the last three rounds. The main rises respond to Global 2030 (1%) and Bonar 2030 (0.7%). While the greatest drops were suffered by Global 2046 (-3.7%) and Bonar 2029 (-1.2%).

“Although the positive emotional shock that the announcement of an agreement with the IMF managed to give them raised bonds from historical lows, caution prevails in these assets pending greater clarity towards March, that is, when it can be made effective. the deal and dissipate any news that could disturb”, said Noelia Bisso, of Rava Bursátil.

In this context, the country risk, measured by the JP Morgan bank, rises just four basic points to 1,784 units, maximum of seven wheels.

Source: Ambito

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