Thus, was that bonds in dollars fell to 7.1% thanks to the Global 2029, followed by the Global 2030 (-4.9%), the Bonar 2029 (-3.7%), and the Bonar 2030 (-3.6 %). It should be noted that the securities have accumulated a drop of 18% since last April and that these values have not been seen since the debt restructuring in September 2020.
In this frame, The realized country risk measured by the JP. Morgan bank rose 13.14%, reaching an unprecedented 2,652 points and breaking a new record since the 2020 swap.
Regarding titles in pesos, there were strong rises thanks to the CUAP (+8.5%), the DICP (+4%), and the PARP (+3.6%), hand in hand with the renewed million-dollar intervention by the BCRA in the bond curve in pesos.
However, the outlook is not very encouraging. According to Gustavo Ber“the greatest concern in the short term is the negative dynamics of titles in pesos, even with strong official interventions that seek to cushion its impactas they could raise the risks of managing the hefty roll-overs ahead.”
While, Alejandro Bianchi, founder of the consulting firm AsesorDeInversiones.comhe said: “The expectation is that politics continues to rule over the economy. And politics never wants to assume the cost of a devaluation. Time will tell at the end of the road what was the least expensive. Confidence is at rock-bottom levels“.
ADRs y S&P Merval
As expected, Argentine papers listed on the Wall Street fell as much as 7.6%, led by Pampa Energía, followed by Cresud (-7.4%), and Tenaris (-7%). In contrast, Mercado Libre shares rose 8.1%, while Despegar grew 3.4%.
The Buenos Aires stock market closed higher due to opportunity purchases. The S&P Merval stock index it rose 4% to 92,689.47 points, against a drop of 1.02% the day before after the appointment of the new minister.
It should be noted that $10,859 million in variable income were traded this Tuesday, of which, 86% corresponded to Cedears with $9,286 millionwhile only 14% went to local actions with $1,572 million.