The market continues to rearrange after the exit of the exchange controls before the attentive look of the declarations of the International Monetary Fund (IMF).
The Bonds in dollars They uploaded this Thursday, April 24, while The ADRS and S&P Merval actions closed with a majority of casualties despite initial increases. Meanwhile, the country risk already accumulates its third consecutive week above 700 basic points. The market continues to rearrange after the exit of exchange controls before the attentive gaze of the statements of the International Monetary Fund (IMF).
In this context, in the fixed income segment, the dollar bonds rose up to 2.1%headed by the Global 2029, followed by Bonar 2035 (1.1%), Global 2030 (0.9%) and Bonar 2035 (0.9%). Thus, the country risk measured by JP Morgan closed to 713 basic points, its third consecutive week around 700BP.
The managing director of the Fund, Kristalina Georgieva, urged President Javier Milei’s government to maintain the economic course A few days after a new credit of the agency. In this regard, the Minister of Economy, Luis Caputo, published in his account of the social network X that they had a “Excellent meeting” with the IMFin which they shared the advances of the economic program.
Also in Washington, the vice president of the Central Bank (BCRA), Vladimir Werning, said he hopes that the Argentine weight reaches the lower limit of his recently implemented exchange fluctuation band and said that the government was not in a hurry to resort to capital markets despite the fall in country risk levels. “With reasonable levels of differentials,” said the official, the country could “Refinance the debt, which would relieve additional pressure we still work with. But we are not in a hurry to go to the market”added within the framework of the FMI spring meeting and the World Bank.
S & P Merval and Adrs
He S&P Merval closed the day with a majority of losses, registering casualties up to 4.4%. The most pronounced falls were led by Metrogas, Edenor (-3.5%), northern gas transporter (-2.6%) and Telecom (-2%). In contrast, the main increases corresponded to Loma Negra (3.6%), IRSA (3%) and Gas Transporter del Sur (1.3%).
For its part, the ADRS of Argentine companies that are quoted on Wall Street They also showed a predominance in red, with setbacks of up to 5.9%. Edenor headed the casualties, followed by Telecom Argentina (-3.2%), Supervielle Group (-3%), Banco Macro (-2.1%) and Central Puerto (-2.1%). In the positive field, Globant stood out with an advance of 5.4%, Mercado Libre (3%) and Corporation America (2.3%).
Source: Ambito
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