Bonds soared and country risk fell to a nearly 30-month low.

Index measured by JPMorgan passed 2.8% before 1590 points, this is the lowest level since late September 2021.

In this context sovereign bonds in dollars They operated with steady growth, led by Global 2041 (+4.4%); He Bonar 2035 (+2.8%); And Global 2046 (+2.8%). This year, Argentine securities accumulate returns of up to 30.9% (Bonar 2029).

Miley confirmed in his speech that “will not back down” with his ultra-liberal policies and will send a new package of laws to Congress, At the same time, I invite governors and former presidents to sign a “social pact” to be able to move forward with the reforms they deem necessary.

“The evolution of the May Pact dialogue will be fundamental, along with the final consideration of the Fundamental Law and financial package,” they said from Portfolio Personal Investments (PPI). “In this sense, attention will be paid to the ability of the ruling party not to blow up the laid channels while the ‘dialogue’ opposition agrees to approach the government’s proposal,” they added.

“The rally that began last week continued. Miley’s speech reaffirming his commitment to eliminating the budget deficit and calling on provinces to negotiate was well received by the market,” the OIE said.

During the exchange round, the dollar had settlement (CCL) and the dollar MEP fell. “Financial dollars are at their lowest real value since August 2019. No doubt this is a surprise as this must be the only price in the economy that has not risen over the summer.” noted the operator.

Private analysts estimate inflation in February at around 16%, down from 20.6% recorded in January.with an annual rate above 250%, placing Argentina at the top of the global rankings on this issue. “The dollar is in a bearish correction (peso rally) and it is highly likely that the market will be very buying if it trades below P1,000.”, analyst Salvador Di Stefano estimated. “We reach a favorable price, which means it is time not to sell, but to wait to buy with a target of 950 pesos per dollar, then we will see if this level will actually be reached,” he said.

Peso bonds: how they worked this Monday, March 4

In the weight segment the CER segment worked incomparable, with drop to 6% through DIP0followed by PAP0 (-1.9%), and TX28 (-1.8%). The increase, in turn, affected ALCO And PARP from 0.3%.

While dollar pegged They fell to 4.8% thanks to TV24.

Bonds: Investors Welcome Fixed Income

“A very good economic plan faces important political risks, which seem to be reflected in the price dollar bonds. “Although they are regaining their positions, they are still trading at prices that put us at values ​​that show countries at war (Ukraine) or in default (Sri Lanka),” he noted. Delphos Investment.

“It still leaves them with very attractive risk-return ratio, Therefore, we maintain a very constructive view on them,” he assessed.

“He ‘Beaupreal 27′ (Import Debt Bonds) appear to be an ideal instrument for investors seeking to maximize short-term flows as the probability of default over the next two years decreases, currently exceeding 50% by 2026, this is the main source of value for Argentine bonds.”Balantz said this in his report.