After raising some wheels, dollar-denominated government bonds They will be closed this Thursday, November 13th. low, max 0.7% occurs in a situation where the market maintains a constructive view on the economic and political policies of the Javier Millei government.
Investors continue to pay attention to three aspects.Country risk reduction, possibility of government bond buybacks, and discussion of 2026 budget proposal By the end of the year.
he Bonnard 2038 will lead to losses in 0.7% decrease,on the other hand, Global 2041 and Bonner 2041 fell 0.5% and 0.4%; each. Although there are adjustments, we have prepared for country risk. JP Morgan remains around 600 basis pointsa level that supports sustained improvement in the risk perception of Argentina’s debt.
Expectations after election results
from capital market Argentina told Ambito: “The clear official victory removes many doubts about our future ability to govern and leaves us with a more optimistic scenario for the future.”
However, the consultant warned:The next steps announced by the government and its ability to negotiate new reforms with parliament will be key to keeping the market in this positive scenario. ”
Caputo is trying to strengthen his confidence
During his visit to New York, the Minister of Economy said: Luis Caputotold investors that the administration plans to:Accumulate foreign exchange reserves by purchasing government bondsEven if the peso moves within the range of exchange rates.
Country risk reduction processes continue to be one of the main drivers of financial optimism. For some analysts, this trend is raising hopes that Argentina can gradually reopen. Access to international credit marketsis an important step to reduce funding needs next year.
CER bonds react to inflation, regional actions, and Wall Street.
Inflation reached 2.3% in October, boosting demand. CER Adjusted Bond. Records of these titles Up to 2.3% increase, led by DICP,on the other hand, TZX26 and TZX27 they go up 1.8% and 0.3%respectively.
he S&P Marval Index rose 0.5% to 2,998,568.49 points, and marval in dollars on the rise 0.7% to 2,034.42 units. Comercial del Plata (+5%), Cresud (+3.7%) and Telecom Argentina (+2.8%) stand out among the winners.
In New York, Argentine stocks have shown mixed activity. Crested (+1.9%) and Loma Negra (+1.3%) While leading the increase, Mercado Libre (-2.1%), Bioceres (-1.9%), Grupo Superviel (-1.9%) They lead the waterfall.
Country risk declines as sovereign debt rises, hitting lowest level in 2025
he Argentina country risk got off to 621 basis pointsthe lowest value in the past 10 months. national debt After mid-term parliamentary elections. indicator developed by JP Morgandown 34 units and approaching the 600-point barrier, a level that analysts interpret as a sign. Improving investor confidence in the government’s economic policy.
This improvement is governance Economic direction amid rising expectations about potential Return to international finance. Public securities extended the positive trend, with bonds increasing by up to 3.5%. GD46Dhas accumulated a significant increase since entering the second semester.
Sustained mitigation of country risks is a necessary step for Argentina to regain access to the country, experts say. international bond market. To achieve this objective, the indicator must maintain the following values: 500 basis pointsthe threshold at which you can obtain external credit at a more competitive rate. The country lost that access in 2018 under Mauricio Macri’s government and has since relied mainly on domestic financing and bilateral agreements.
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