Although the local market remains inactive due to the National Sovereignty Day holiday,… Bonds start the week higher on Wall Street and country risks decline again. This trend is in line with the good climate recorded internationally, while local investors are closely following reports that Argentina It will receive support worth US$5 billion from international banks.
This latest news was announced by Wall Street Journal Thursday evening, preparing for the long vacation. Originally, the aid was expected to amount to US$20 billion, to meet various payment obligations. As Economy Minister Luis Caputo explained on Saturday, after the election, “the market reaction was very positive,” changing the equation.
““It seems to us that this is a better sign to be able to do what we were thinking about, without that extra help.” He explained in the tenth when denying transcendent news.
This signal leads Sovereign bonds rise Due to expectations that the government has the necessary liquidity for this Coupon and interest payment coverage of $4 billion on January 9, 2026. The most notable security on the day is the Global Note Due 2046 (GD46D), up 0.41%.
This has a direct impact on country risks, The index, prepared by JP Morgan, measures the additional fee that emerging bonds have to pay compared to US Treasuries, which are considered one of the safest assets in the world. The index stands at 639 basis points this Monday, 12 units lower than Friday (-1.84%). According to Rafa’s monitoring.
“repo(repurchase agreement) The rumored $5 million figure represents no deviation from previous expectations, Rather, it is an early confirmation of the required sequence: securing short-term financing, Create a bridge as Congress advances reforms and the budget, aligning with the IMF calendar and creating a more regulated and favorable environment for international issuance once the corresponding legal authorization and approval is in place. He promotes “In the credit rating,” said Eric Ritondale, chief economist at Puente.
On the other hand, Argentine stocks listed on the New York Stock Exchange (ADRs) are in the red, even though major US indices are trading higher. Without local reference, papers Macro Bank It decreased by 3.2%, followed by Globant (-2.1%), PBVA (-1.9%) and Galicia Financial Group (-1.7%).
While Qatari risks are expected to breach 600 points againThe interest rate on local corporate loans today is between 350 and 400 basis points. This led to a wave of issuance of offshore tradable liabilities after the election, which has since totaled approximately US$3,601 million.
“This volume takes us into the first quarter of 2017at a time when Argentina was experiencing a complete financial boom. Although the number is huge, We’re still halfway through the last quarter of last year, when money laundering rained dollars on the system “And facilitating massive hiring,” said financial brokerage firm GMA Capital.