While in Argentina the markets remain closed for him caravan holidayHe, in the United States, Argentine bonds fall up to 3.5%.
On Friday, the GD 30, one of the biggest movers, closed the round at USD 31.47 and this Tuesday it passed the USD 30 low around midday to then rebound slightly and trade at USD 30.02. a drop of 2.58%.
This is the leitmotif of the plan launched by Economy Minister Sergio Massa repurchase of securities for US$ 1,000 million. The goal is to lower country risk, lower the cost of external financing and contain the rush for the dollar. So far in February, the GD30 accumulates a decline of more than 16%.
The Central Bank has already set aside nearly $520 million of its reserves for bond repurchases. The measure helped stabilize financial dollars in February, with the exchange rate gap narrowing to 90% in recent rounds, but it did not improve bond prices or country risk, which stood at 2,123 basis points on Tuesday.
The present values of the bonds are lower than before the buyback announcement.
The rest of the bonuses are also in red. What falls the most is GD35, which was down 3.5%, while GD46 was down 3.2%.
Meanwhile, shares of Argentine companies listed in New York did not have a good start to the week (Monday was also a public holiday in the US). Globant loses 4.4%; Edenor, 4.1% and Central Puerto (which has just bought the generator sets of the Italian Enel, owner of Edesur) lost 2.2%.
On the other hand, banks (with increases of more than 2%) and YPF rose.
Source: Clarin
