The Argentine bonds in dollars operated this Tuesday with strong drops and the country risk rose to 2,635 points and approached to the maximum of the year, which was 2,656 units at the end of April.
Sovereign bonds in dollars under foreign legislation recorded falls of up to 4%, led by the Global 35. For their part, bonds in pesos that index for inflation operated with slight increases, since in these cases investors have coverage against the increase in the cost of living.
According to market specialists, these results show that investors prefer to wait for the election result and how politics moves from there, before seeing if they put Argentina back on the radar.
Dollar today: the price of blue rose by $10 and financiers also accompanied the rise
In the Buenos Aires stock market, The S&P Merval index advanced 0.74% and stood at 560,995.42 basis points, with investors operating with restraint given the proximity of the general elections and the search for coverage in hard currency.
The rises of the leading stocks were recorded by Ternium (5%); Transener (2.33%); and BBVA Argentina (2.13%).
On Wall Street
On Wall Street, The papers of the Argentine companies were negotiated with a majority of losses. In this context, the main falls corresponded to Edenor (-11%); Take off (-5.6%); and Banco Supervielle (-5.6%).
US stocks closed with sharp declines on the New York stock market, following “hawkish” comments from Fed policymakers reminding investors that the resilience of the U.S. economy likely means borrowing costs will remain high for longer.