Country risk has broken through the 600 basis point barrier, a level not seen since mid-January. The reaction came after it was revealed over the weekend that the government plans to buy back bonds across the maturity curve, news that could lead to further gains in sovereign debt.
In the first negotiations this week, Country risk is located at 596 basis points, According to information provided by Rava. This is a decline of 51 units compared to the previous closing price (-7.88%), reaching a 10-month low.
This decline is a direct result of the rise in sovereign debt, which has experienced a recession following La Libertad Avanza’s victory in the parliamentary elections. rally historical. This Monday, Bonales rose to 1.40% (AL35D) and Global registered a rise of 1.35% (GD35D).
Optimism grew after Economy Minister Luis Caputo told foreign investors: The government’s objective is to buy back bonds along the entire curvethe agency revealed bloomberg. Of course, buybacks will be prioritized in the shorter sections of the curve, where the largest maturities will be concentrated over the next few years.
News in development.
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