This Monday’s wheel had two marked segments. Bonds and stocks barely moved until 3:30 p.m. But from that point on, when the Central Bank’s announcement of updating the exchange rate bands according to the inflation rate from 2026 became known, Bonds skyrocketed.
The central bank expected this this afternoon will change the dollar band system starting in 2026 and update it monthly according to the inflation rate. In addition, it is committed to purchasing international reserves in accordance with the development of money demand and the liquidity of the foreign exchange market, and has a corresponding reserve accumulation program $17 billion. With these announcements, global announcements like the GD35 are possible Increase of approx. 1.5% and they expect the government’s move to have an impact on the country’s risk exposure before the announcement 623 basis points.
The market believes that the chances of meeting the debt repayment plan will improve if they accelerate reserve accumulation, which is a thorn in the side of the central bank. The state only has to pay in January $4.2 billion.
Against this backdrop, global bonds are rising by up to 1.5%, led by the Global 35. The prices of dollar bonds under foreign law are also rising, rising by 1%.
The streak extends to stocks, with the Merval adds a 1% increase. The Galicia and Supervielle banks stand out the most, with improvements of up to 3%. When it comes to ADRs, the results are mixed, with financial institutions also coming out on top.
As for the dollar, the central bank waited until the market was closed to make the announcement, so the official exchange rate was not affected. The retailer stayed inside $1,465 and among financiers, the MEP increases by 0.9% $1,492 and cash with liquidity loses 0.4%, $1,509.
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