Debt bonds have been trading in decline for three days given the market’s perception of the lack of support for adjustment by Congress.
Dollar securities extended the fall, which led the country risk to exceed 1,500 points, to 1,528.
The market began to worry about the possibility that Congress would vote on an increase in pensions that could put the balance of public accounts at risk.
The bonds that fell the most were Bonar 2041 (-4.1%), and Bonar 2038 (-1.7%).
In the last three days, some papers accumulated drops of up to almost 9% hand in hand with Bonar 2041 (-8.6%), and Global 2029 (-8.3%), and Bonar 2029 (-8.3%).
The political tensions, together with the delay in the treatment of the base law and the fiscal package, Added to the concerns regarding possible additional modifications, they unleash doubts among investment funds.
In this scenario of tensions, The leading index S&P Merval of the Buenos Aires Stock Exchange fell 0.7%, led by the decline in energy and financial stocks.
In the leading panel The falls in Cresud (-2.5%) stood out; Macro Bank (-2.2%) and Transener (-1.9%). Meanwhile, the recovery of the Buenos Aires stock market was led by: Edenor (+1.1%); and Banco BBVA (+0.8%).
As for the papers of Argentine companies that operate on Wall Street, they closed mixed. The increases were led by Despegar and YPF, with 4.3% and 2.6%, respectively. And the declines were led by Cresud and Banco Macro with 2% and 1.7%.
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