The Bonds Fall Again and the Country Risk Jumps Above 500 Points
7 Articles
7 Articles
With a lot of wind against the outside (especially oil tankers) and bad indicators at the domestic level, the Argentine market repeated what has been happening lately. The dollar does not move. The BCRA does not collect reserves. The bonds slip, the risk rises slowly, and the Buenos Aires Stock Exchange is being delayed again. Tomorrow, the movement of the Fed will be decisive.
The ADRs showed most falls.
Argentine sovereign titles again show weakness in the midst of a tense global financial climate, which hits Wall Street and US Treasury bonds. Dollar sovereign bonds extend their bad performance on Wall Street this Tuesday and operate with most casualties. As a result, the country’s risk widens its rebound and again exceeds 500 basis points. Meanwhile, the ADRs and the shares of Argentine companies listed abroad also exhibit a predominance of fa…
The sovereign bonds operated again in decline and the indicator developed by J.P. Morgan climbed to 504 units. International tension added pressure on Argentine assets, while Wall Street showed losses and investors expect a rise in rates from the Federal Reserve.
The wholesaler gave a weight to $1,506.50, while the blue advanced to $1,560 and the Argentine bonds fell again.
The S&P Merval remains stable in pesos, but falls in dollars, while Global bonds show widespread losses. On the exchange market, the wholesaler advances 0.3%. International tension grows before the Federal Reserve decision. Read more
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