The ADRs climbed up to 8%, while the bonds took a turn in the epilogue and closed upwards

Argentine shares and bonds closed upwards This Tuesday, March 25, After the recent tensions in the exchange market for the millionaire sale of dollars from the Central Bank (BCRA) and an agreement that is expected with the International Monetary Fund. This week also There will be a tender of the Treasury, which will serve to measure the pressures on the exchange front.

In the operational resumption after the National Holiday for Memory Day, the S&P Merval It rose 2.2% to 2,487,679.86 basic points. Measured in dollars (CCL), The leading Byma panel climbed 1.4% and exceeded 1,900 pointsto close in 1,918 points, a maximum in a month.

So, The leading actions that more advanced in the day were those of BBVA Bank (+5.3%), Supervielle Group (+5.1%), and Comercial del Plata (+4.6%).

In Wall Street, meanwhile, Argentine roles closed with firm advances. The advances of Supervielle Group (+7.9%); Black Loma (+4.9%), and BBVA Bank (+4.7%).

The directory of the multilateral credit agency Analyze at this time informally in Washington the scope of financial support for Argentina, which did not transcend details.

According to operators, The IMF could channel about 8,000 million fresh dollars to strengthen BCRA reserves and others almost 12,000 million to be used to cancel capital and interest in the coming years With the same organism, amounts that would arrive in sections based on the fulfillment of objectives. All this, apart from the credit in force for 44,000 million dollars granted in 2018, the most voluminous approved in the history of the background.

In the government there is Optimism for the progress of negotiations with the International Monetary Fund to define a new program of assistance. “The Technical Team of the Fund is holding consultations with the Executive Board of Directors,” confirmed sources from IMF to Scope at the close of the markets and completed that conversations about a new program They are “advanced” and within the framework of their “usual internal processes.”

Meanwhile, still worrying the exchange front. The Central Bank sold other US $ 109 million on Tuesday to contain the market, after detached from more than US $ 1,200 million in the previous six days.

The domestic markets faced a last week agitated by refloating the fears of an eventual devaluation with the projected end of exchange restrictions (stocks) and political tensions, partially mitigated by a legislative support for negotiation with the fund.

On the other hand, the Government last Friday a preventive measure that suspends the purchase of Telefónica by Telecom Argentina, on the recommendation of the National Commission for the Defense of Competition (CNDC), a business that involved 1,245 million dollars. Telecom actions, anyway, climbed 2.7% in Wall Street.

In the United States, the confidence of the CONF Board consumer threw 92.9 points versus the expected 94 and after 100.1 of the previous measurement, thus marking its lowest level in 12 years. However, The S&P 500 ended with a 0.16%rise, while the 10 -year bonus rate fell 2bp to 4.31%. On the other hand, WTI oil rose 0.2% au $ S69.25, despite Russia and Ukraine announced a truce in the black sea.

Bonds, country risk and tender

For fixed income, the local debt in foreign currency closed mostly upwards in the local stock market, after operating a good part of the day in negative terrain. The main promotions of the day were for the Bonar 2030 (+1.1%), Bonar 2029 (+1.1%), and the Global 2030 (+1.1%).

In Wall Street, meanwhile, the dollar bonds ended with average increases of 40 cents, highlighting the GD30 that won 65 cents.

So, The Risk country of Banco JP.Morgan lowered slightly to the area of ​​the 760 basic points, Against 769 units at the close of Friday.

The Bopreals, on the other hand, operated mixed and rose on average about 35 cents, with 1-B and 1-C strips to the head earning $ 1.3.

On the other hand, The CER segment was heavy and 0.5% average fell along the curve, the short section is worse than the short.

Going to the segment Fixed rate, while the short section was almost unchanged, the middle and long section of the curve is still a seller and gave up 0.35%, SBS reported.

Finally, the Ministry of Finance announced that in Thursday’s tender They will emit 3 short lecaps, 2 Dollar-Linked bonds and 2 zero coupon bonce.