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Bonds jumped 5.5% in dollars, and country risk returns to pre-Guzman levels

Too, On this day the government announced reduction in subsidies for electricity, gas and water consumption. “The set of measures in recent weeks will have a quasi ‘conservative’ approach in terms of adjustments to interest rates and public accounts, with conflicting effects on fiscal and quasi-fiscal deficits,” he said. Delphi Investments,

on a turn, Fundcorp. from Roberto Gerettoexpressed that “the Massa plan has already taken its first steps in fiscal and monetary matters, such as a possible increase in tariffs and an interest rate hike. However, Measures are still lacking at the most essential level, which is the forex market.,

And he expanded: “The government rejected the devaluation, The expectation is that there will be different types of exchange for certain sectors—agriculture, oil, etc., It will not be an in-depth solution, but if it is successful it will serve to gain some reserves and thus time.”

for its part, Dollar-linked sovereign bonds fell 1% on average, with the exception of TV23, which grew 0.5%. In the meantime, Loans are running practically stable with CER adjustments With some minor damage to the long side of the lasers. Finally, “there was good demand for the new 2023 double bonds, highlighting June, which grew 1.2% with good volumes,” SBS Group reported.

this Tuesday, The central bank bought approximately US$20 million in the market thus making four consecutive rounds of deposits with a positive balance, The government expects to add US$1,000 million to farm crops this week to bolster reserves.

S&P Merval and ADR

The Merval stock benchmark fell 0.9% to 124,787.34 units. This is how he cut a streak of four rays in a row. It should be noted that the index managed to move up 3.3% in the last three trading sessions. On the leading panel of the Buenos Aires stock market, The papers for Transportadora de Gas del Sur and Central Puerto reported a decline of 5.2% and 5%, in that order.

Meanwhile, Argentine companies listed on Wall Street closed mixed. Central Puerto led the decline, down 4.9%, followed by Loma Negra (-2.9%). On the other hand, propaganda was led by Banco Superville (+4.4%) and Despegar (+3.6%).

“S&P Merval returns 0.9%, following weak behavior among key ADRs It is the north wind that allows strategic bets to be reactivated while operators continue to focus on the arrival of new economic announcementsGustavo Ber said.

Volume in equities on the day was $10,559 million, of which $2,177 million corresponded to shares in Argentine companies, and $8,333 million was seedier.

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