The rally of the dollar bonds crowned a new chapter this Tuesday, October 15, so the country risk came down hard and drilled the 1,100 points, to touch its lowest level since 2019.
In this framework, Sovereign securities in hard currency rose up to 2% on the Portela stock marketheaded by Global 2035followed by Bonar 2030 (+1.9%), and the Bonar 2029 (+1.7%). On Wall Street, the advances reached 3.7%.
In this way, sovereign fixed income in dollars extended its important bullish streak, and only in October it accumulated gains of up to almost 16%, standing out the Bonar 2035 (+15.3%), the Bonar 2041 (+15.2%), the Global 2035 (+14.8%) and the Global 2046 (+13.1%).
“The party continues in sovereigns. After a Monday in which bonds operated higher, adjusting to Friday’s movements abroad, the debt ends the day with increases of more than 2%, maintaining the trend of recent weeks” said IEB sales trader, Nicolás Cappella.
With these solid advances, the index prepared by the JP.Morgan bank fell 5.6% this Tuesday to 1,044 basis pointsa level not seen since 2019, under the presidency of Mauricio Macri.
The economist Salvador Vitelli recalled on the social network In the year 2000, the average PR was 670 basis points, in 2001, 1,546 points, and in 2002, 5,723 units.
“The last time it was below 1,100 was on Friday Pre-STEP 2019, when it was 872”reported economist Fernando Marull, Partner at FMyA, from his account in X.
ADRs and S&P Merval
The porteño bag rose 0.7% to 1,816,250.54 points. The leading actions those who advanced the most were Telecom, Grupo Supervielle and BYMAwith 4.6%, 3.6% and 2.7%, respectively.
Regarding the Argentine papers that operate on the New York Stock Exchange, the majority of increases were recorded, among the main ones appeared Supervielle Group (+3.6%), Telecom (+3.5%) and YPF (+1.9%).
Source: Ambito
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