Dollar-denominated bonds of Argentine debt had been trading at lows and this Friday, following President Alberto Fernández’s announcement that he was dropping a possible re-election bid, they jumped as much as 3.5% on Wall Street.
The titles were all listed in green. The Global 30, which is the one with the largest volume and with which the operation is usually done on the dollar counted with liquidity to withdraw foreign currency from the countryit rose as much as 3.5% in the premarket, after the video in which the president elliptically announces that he will pass the baton to another person came out.
Then, when the wheel was spun, the stock deflated slightly but was still trading above 1.5%.
Despite the increase in bonds, country riskwhich measures by the price of these bonds the difference in the rate that countries pay to borrow compared to the United States, +1.4%at 2,643 basis points.
However, the presidential decision did not appease the price of alternative dollars. The dollar MEP or purse (used to legally buy currency through bonds) climbs 2.2%, to $431.07, Meanwhile him contacted with liquid It advances 1.1% to $440.34.
This rise also pushes the price of the blue dollar, which by midday surpassed the $432 it closed on Thursday. at $435.
Source: Clarin
