Merval Gains 1% as Risk Falls to 573 | Argentina Market Report, Oct 6
16 Articles
16 Articles
Wall Street’s downward trend and the rise in US debt rates condition domestic assets. S&P Merval loses 1.8%
The indicator developed by JP Morgan resumes the upward trend after having receded more than 80 units in two days
Argentine bonds advance up to 1.1% on Wall Street and also improve stocks.
The Argentine markets operated on Wednesday conditioned by the downward trend of Wall Street and the increase in US Treasury bond rates. The S&P Merval dropped 1.8 percent to 2.840,000 points, while sovereign bonds in dollars fell 0.4 percent on average and the country risk advanced 13 units to 590 basis points, after reaching an intraday maximum of 600.
Wall Street’s main indexes operated on Wednesday with drops of 0.4% to 0.6%, pressured by a new escalation in US Treasury bond return rates. Ten-year issuances reached 5.82 percent per year, levels not seen since 2002, and 30-year-olds climbed to [...]
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