The Country’s Risk Remains Above 500 Points: Why Argentine Bonds Failed to Match the Best Global Climate
6 Articles
6 Articles
The US Treasury will increase the repurchase of bonds and that put a roof on the rise of long-term rates. The news had a very positive impact on emerging markets, but Argentina was left out
The indicator of JP Morgan remains at 517 basis points and accumulates an advance of 20.2% in August, while the S&P Merval rises 0.8% and the ADRs operate mostly in green. The official dollar continues at $1,515 and the market expects the economic activity data of June. Read more
Analysts warn that local factors weigh on J.P. Morgan's measurement. How far could I go?
The Risk Country Does Not Find Roof: It Exceeds 520 Points and Already Rises More than 21% in August
The JP Morgan indicator chained 13 ups in a row and already accumulates a 21.2% advance in August. Sovereign bonds fell back on Wall Street, despite the fiscal surplus, and the market looks again cautiously at local politics, elections and the external context.
Argentina's country risk rose again, closing at 517 basis points, after surpassing the 500 mark on Tuesday. At the opening on Thursday, the JP Morgan index climbed another 10 points, while dollar-denominated bonds remained under pressure. This movement occurred despite a more favorable international environment for emerging markets. The US Treasury announced it would double its long-term bond repurchase programs, a measure that helped contain US…
Even on a day of some global relief over the news that the U.S. Treasury will increase the repurchase of its bonds, the local sovereign debt maintained its pessimistic dynamics and scored another day of virtual tie, but with a downward trend, which resulted in a new rise in country risk, which reached 517 points and thus fulfilled 12 consecutive days of increments, which led to the interest rate of a 10-year bond to be profiled again in the prox…
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