On a day in which the Government sought to improve financial climate through the anticipation that requested from the International Monetary Fund (IMF) of US $ 20,000 million, The Treasury could refinance 100% of the maturities in pesos that he had on the date and, in that way, he was able to overcome the challenge, for which He had to include bonds tied to the dollar.
And it is the first bidding of importance – since it had to renew $ 6.3 billion – amid a climate of high uncertainty of the market on the future of the exchange regime. To counteract the thick environment, the Minister of Economy, Luis Caputo, surprised for this Thursday morning announcing the amount of money he asked the IMF.
He Secretary of Finance, Pablo Quirno, announced by social networks that the government He managed to renew for 100.3% of what had been made available. They were $ 6.3 billion and Offers were received for $ 8.2 billion.
04/28/25 $ 2,662 billion at 2.79%
05/30/25 $ 2,112 billion at 2.80%
07/31/25 $ 0.196 billion at 2.80%
Zero coupon bonce
10/31/25 $ 0.103 billion at +7.83%
03/31/27 $ 0.101 billion at +10.98%
Dollar Linked
06/30/25 $ 0.894 A -1.98% TIRA.
01/16/26 $ 0.217 to 0% Tira
Debt tender: there was a firm demand for bonds tied to the dollar
The fact that A claim for bond has appeared to cover a possible devaluation is a sign that there are fears in the marketdespite the fact that different government figures, even the president Javier Milei, They say there will not be a depreciation of the weight.
And, among analysts, it is considered that the change of exchange regime could occur after elections and about the end of the year.
In previous tenders, the government included Linked dollar bonds that they had no demand and, from there, It was urged that the market did not expect a devaluation. Today he plays against him.
The analyst Christian Buter He indicated that “in the outcome of the tender there were investors that They placed $ 894 million to a very short-term expiration dollar (6/30/25) at a negative rate (-1.98% Tiraa) in order to be covered in dollars. “ “Some expectation of devaluation is,” he concluded.
The economist Miguel Kiguel relativized the effect of Caputo’s announcement. “A lot of confusion with the ads, it is not understood how much the initial disbursement will be (Espert says 6,000 million, Caputo suggests more and the IMF says that silver will come in quotas). The ads did not change the dynamics of the markets and the central sold dollars again, “he said for Network X.
100% of the maturities of the day were renewed: good signal
Strictly speaking, on the date it was planned to be $ 9.2 billion, but on the previous day the Ministry of Economy was anticipated and He exchanged intra -state debt, which shrinks the maturities at $ 6.3 billion. The fact that everything has been completed is a good sign within the context of distrust.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
