Categories: Business

Bonds are mixed, with the S&P Merval index falling more than 4%.

The market reacts with doubts at the start of the day. New York-listed papers are performing unevenly and country risk is at 1,500 basis points.

Market reaction after Louis Caputo’s announcement of a new monetary regime: is optimism reigning?

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Argentine bonds this Monday, July 15, following government announcements to end dollar growthWithin this framework, country risk remains at 1,500 basis points.

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Dollar securities are trading down to 2.9%, led by Global 2029, Bonar 2035 (-0.7%) and Bonar 2030 (-0.1%). Meanwhile, slight gains are led by Bonar 2041 (0.5%) and Global 2030 (0.4%). Thus, country risk, as measured by JPMorgan, is at 1,500 basis points.

“Although bonds have started to rise, andThe market awaits the results of the latest rules which are coming out, although they are good, we need to see how things are going. It is more than clear that there will be no money problem,” explained cameraman Leonardo Swirsky. Volume.

In a different order, linked dollar bonds They fell to 3%, led by TV24, as did Bopreales, to 4.8%, led by BPY26.

Government statement

The government announced over the weekend that will conduct interventions in the currency market contain cash with settlement (CCL) and that will purchase bonds necessary to pay interest on bonds due January 2025.

This is a financial response to the market, which, with its decision on dollarization, requires the government to come up with a concrete plan to exit the crisis. stock exchange shares.

S&P Merval and ADRs

The situation worsened in the leading group, with a decline to 4.8%. The hardest hit were the shares of Ternium (-5.1%), Transportadora Gas del Sur (-5%), Edenor (-5%) and Central Puerto (-4.9%).

Within this framework Argentine ADRs also operate differently. with gains of up to 1.4%, led by Corporación America, Despegar (1.2%) and Banco Macro (1.1%). Meanwhile, BBVA, Loma Negra (-2.8%) and Edenor (-2.1%) shares fell to 4.3%.

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