Argentine sovereign bonds in dollars rise again in the foreign market and the country risk falls from 1,290 points. In this way the elusive local fixed income the ups and downs in global markets product of escalation of the conflict between Iran and Israel, but at waiting for encouraging data from the United States economy.
On the previous day, International markets were attentive to the war in the Middle East and Chinese stimulus. In this context, the North American stock indices started in the red, but cut losses at the close.
Meanwhile, the VIX remained around 20 points and The IRR of the 10-year Treasury bond moved away from the lows of the yearnow standing at 3.81%.
Emerging countries, in the heat of the rise in commodity prices, showed much better performance. In particular, the EEM rose 2% and the EWZ (Brazil) did the same by 0.9%.
This Thursday the employment data in the United States is expected to be known to define the magnitude of the rate cut that the Fed will apply at its meeting scheduled for November 7.
At the level of local assets, ADRs operated mostly red with some exceptions in energy. This occurred contrary to other emerging and Latin American countries.
“The Argentine equity, measured by the Merval CCL, entered into a correction since approximately September 20leaving room for the sovereign income that has been going through this last period with greater relative strength, supported by its low parities and a little international support,” they explained from Outlier.
For its part, On Wednesday, Global sovereign bonds abroad continued slightly bullish.. “The trend of lower country risk continues and with local echoes a little amplified in the Plaza de Bonares. At the close the weighted global index rose 54.5 pts (+0.81%), approaching its maximum of 55.3 , so we will see how the next rounds are carried out,” they recalled from the same report.
Source: Ambito
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