The markets react today to the rise while the Senate debates the Bases law, considered strategic by the government of Javier Milei. The Argentine stock market is trading higher, ADRs rise up to 7% and bonds improve up to 2%.
In this scenario, the country risk is about to pierce the 1,500 basis points.
The bonds that rose the most are Global 2038 (GD38), which climbed 2.1%, followed by Global 2029 (GD29), 1.8%, Global 2035 (GD35), 1.4%, and Global 2030 (GD30), 1.3%.
On the Stock Market, the leading index S&P Merval rises 1.9%, to 1,574,720.33 units, with improvements in financial and energy stocks.
In the vanguard panel, Banco Supervielle shares rise 3.5% followed by YPF (+3.2%), Grupo Galicia (+2.7%) and BBVA (+2.6%).
At the same time, Argentine stocks listed on Wall Street advance led by Grupo Supervielle, followed by Grupo Financiero Galicia (+5.3%), BBVA (+4.2%), Banco Macro (+4.2%) and YPF (+3 .8%).
Among businessmen, they are betting that the government can move forward with key changes in labor matters and opening up to the arrival of investments.
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