He S&P Merval He advanced 0.7% to 2,187,671.01 points And, in that context, the actions that rose the most were Northern Gas Transporter (+4.1%), BBVA (+4.1%), Black Loma (+2.8%), Passener (+2.6%), Port Central (+2.4%) and Byma (+1.8%).
In Wall Streetthe ADRS They went up to 4.6% by the hand of BBVA, followed by Telecom (-2.6%), Cresud (+2.6%), and Port Central (+23%).
Regarding Fixed incomethe dollar bonds operate with a majority of falls headed by the Global 2029 (-1.3%), followed by the Global 2035 (-0.4%), the Global 2046 (-0.4%).
“On the day the inflation fact was known, the Fixed rate debt ended green. The Lecaps They showed advances up to 0.7%, while BCAPS They jumped until 2%, particularly in the case of the T15E7, of longer duration. Strikingly, the Bonte 2030 ended practically FAT. Along the same lines, the Bontam They rose up to 0.8%, “PPI said.
How the market reacted to Cristina Kirchner’s conviction
The decision of the Supreme Court to confirm the conviction to former president Cristina Kirchner -seis in prison and disqualification for life to exercise public positions- He altered the political scenario and led to the market to emphasize their expectations. Although the initial market reaction was positive, later readings warn that the implications on the electoral framework could be more complex than expected.
In dialogue with Scope, Rafael di Giorno, of PROPHY, analyzed the day: “It was a slightly negative For bonds and actions. There was no important impact for Cristina Kirchner’s conviction. In general, Many investors prefer free CFK and competing on the courtbut do not believe that the situation radically changes. Today the government depends a lot on itself. “
“Sovereign debt ´Hard Dollar´ He closed Wednesday with casualties up to 0.3%. This time the ends of the curve were the least harmed with 0.2% casualties for the GD29 and the GD46. On the other hand, the bonds of emerging countries/border (ETF Emb) had a good day with advances of 0.3%”, explained from PPI on Wednesday’s wheel for local fixed income.
On the other hand, in regard to actions, The Merval could not hold the rebound. “Like the sovereign debt, the Merval ended in negative terrain by cutting 1.1% to US $ 1,825, moderating the profits from the week to only 1.4%,” they explained from the same broker.
In turn, The central extended its repo operations in US $ 2,000 million. As announced, the BCRA confirmed the agreement of passive pass operations (Repo) for US $ 2,000 million with 1-D series bopreal. The interest rate of the operation is more a margin of 4.5%, which is equivalent to a fixed rate of 8.25%, 55 basic points less than the estimated cost in the previous tender. The expiration will be in April 2027.
The Ministry of Economy that leads Luis Caputo go looking for others U $ S500 million with the Bonte 2030 in pesos, but subscribable in dollars. The debt tender will be this Friday.
Source: Ambito
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