The S&P Merval suffered its fourth setback in line, but the country risk was close to drilling the 700 points

The Buenos Aires bag chained its fourth consecutive decline on Tuesday, while the dollar bonds closed disparate, with investors attentive to price dispersion within different dollar types, in the third week after the flexibility of the exchange system, Together with the important disbursement specified with the International Monetary Fund (IMF).

Tied to global volatility, the S&P Merval yielded 0.9% to 2,158,847 basic points. The leading actions that fell most were Ternium (-3.7%); Aluar (-2%); and Galicia Financial Group (-1.9%).

In Wall Street, the setbacks of Argentine companies were headed by Energy view (-3.2%).

Investors privilege business with weights in interest rates against a quiet dollar with the recent exchange release and an agreement with the International Monetary Fund (IMF).

The operation called “Carry Trade” seeks to add pesos with yields around 37% annual in exchange for becoming more future dollars, since the Central Bank (BCRA) provides for a revaluation of the local currency.

This makes the exchange gap between the official exchange rate and the blue dollar has practically disappeared, When weeks ago it was around 20% and about two years before it exceeded 100%.

From the middle of April the government surprisingly flexible the exchange market (it left the so -called stock) and set a divergent floating band of 1% monthly on the basis of $ 1,000 and $ 1,400.

The wholesale dollar closed without shock with a slight decline from $ 13 to $ 1,165, while the Blue fell to $ 1,200, with a 3%gap.

Bonds and Risk Country

As for Titles in dollarsraises and lows were recorded. The main promotions were recorded by the Global 2038 (+0.3%), and the Global 2041 (+0.2%).

Yet, The country risk fell 1.3% to 701 basic points.