The Minister of EconomyLuis Caputo, will come to test the market to see what rate is willing to finance in the long term in a context of low inflation, Interest rate drop and in the midst of a period of changing calm. Will do it in the tender on Wednesday, in which It will make available a bonus that can be of interest to common investment funds.
The title in question is the so -called Tamar, which offers a rate equivalent to that of the fixed wholesale deadlines of the banks for deposits of $ 1 billion, which is close to 34%.
As indicated to Scope The portfolio manager of Common funds grow, Lucas Silva, It is a title “that I was not on the market and that will have a good arrival “. “The Tamar can have a demand based on the disinflation process that the Government is carrying out,” he explained.
In reasoning is as follows: With that title that expires on April 30, 2026, the government can see what is the long rate offered by the market. If inflation follows the path of the casualty, the economic team should not take financing that is located well above expectations.
In the same way, Silva points out that the Dual/Tamar Bono as of December 15, 2016, which is also offered for this call, it can have a strong demand, since it offers the price of the dollar above the fixed wholesale term rate. In any case, the investor would be covered against a potential rise from the dollar, something that today seems to be far from the forecasts of the national government.
Debt: Interest in the short term
Beyond that, The interest will be placed in the shortest capitalizable letters that expire in June, July, August and November. And there is a greater demand for common investment funds for their funds for Money Market, where much of the investment of business treasures is concentrated.
For example, in the Funds grow from the city, 75% of quotapapartists are companieswhile the 80% of investors are in cash management options. The FCI industry is now moving $ 64 billion. That implies that the market is even more interested in the shortest options.
In principle, for a small saver, the long bonds of this call give you the option to obtain yields that would otherwise be impossible, reserved for companies.
On the other hand, For the next call, the Government went out to clear the Intra Public Debt through a exchange of letters for about $ 4 billion, on a total maturity maturity of the $ 8 billion.
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.
