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Argentina Election Risk Pushes up Local Bond Rates - LatinFinance
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6 Articles
The Ministry of Economy of the Nation barely managed to place USD 34 million from Bonar 2028, far away from the USD 100 million it was looking for. The country risk rose to 634 points. Trust does not appear. And the market shows it without euphemisms. The country risk rose 3.9% and closed at 634 points. The clear sign is that the Argentine economy still fails to convince. That lack of confidence hits the heart of the official strategy. The gover…
The Ministry of the Economy has so far managed to raise less than USD 620 million through the placing of dollar bonds in the local market, within the framework of its strategy to deal with a debt maturity of USD 4.2 billion planned for July. The figure arises from the last tenders of Bonar 2027 and Bonar 2028, which showed a different response among investors. In total, the team that Luis Caputo conducts totaled USD 619 million towards the end o…
The country risk rate rose 3.90% to finish at 637 points, one of the highest levels since November last year, due to the possibility that the United States Federal Reserve (FED) will increase the rate in the short term. In New York, the dollar titles recorded a majority of casualties, led by Bonar 2029, which recededed 1%. These falls due to lack of demand occurred while Federal Reserve President Jerome Powell stated that long-term inflation exp…
The Treasury awarded everything offered in dollar bonds and validated rates of up to 8.86% for longer tranches. Read more
In the second call for the placement of hard dollar bonds only a greater amount could be offered compared to the conditions of the first round. Regarding the Bonar 2027, the Treasury obtained another u$s97 million.
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