The country risk pierced the 700 basic points barrier and the government celebrated it. In addition, the dollars continue with a downward trend and slowly approach the lower strip of the new flotation band scheme, in a month characterized by having a greater supply of foreign exchange product of the field settlements.
This Thursday, The index that JP Morgan elaborates is at 678 basic points, A value that was not seen since mid -February. Since the Ministry of Economy announced the exit of the exchange rate, one of the most anticipated news since freedom Avanza arrived at the Casa Rosada, the country risk cut 196 points (-22.4%).
“Country risk. We have drilled 700 bs … They will not be able to stop the progress of the ideas of freedom … Long live the fucking freedom (sic) “President Javier Milei celebrated through the Social Network X. The decrease in the indicator is key for Argentina to be financed in the international debt market.
This is because the country risk measures the surcharge that emerging bonds have to pay in front of the United States Treasury (considered one of the safest assets in the world). Today, debt titles operate upwards: Bonares climb 0.74% (AE38D) and the global, up to 0.78% (GD35D).
On the other hand, the exchange market operates downwards, after yesterday the largest fall was recorded from the exit of the exchange rate. In full season of liquidations of the agricultural sector, The government is confident that the quotes tend to the lower strip of the new flotation scheme, in the $ 1000 line.
On the blackboards of Banco Nación, The retail official dollar is quoted without variations to $ 1140, After going back $ 75 during the previous wheel. The value can vary from one financial entity to another, which explains why the average market price is $ 1152.44, according to the daily survey made by the Central Bank.
Instead, the Wholesale dollar is still in fall and is at $ 1113, about $ 25.18 less than the previous closure (-2.21%). This value is lower than the exporters received before the exit of the exchange rate (about $ 1130), when the dollar still governed blend, Initiative that allowed them to sell 80% to the officer and 20% in cash with liquidation.
“From a historical perspective, The real exchange rate (TCR) remains at minimum levelsequating the value of April 2017, during the government of Mauricio Macri. In fact, the TCR is 12.4% above the level prior to the devaluation of December 2015 ($ 1027) and 10.8% above December 2023 ($ 1041), ”they said from Personal Investment Portfolio (PPI).
Financial exchange rates also operate in fall. He MEP dollar It appears on screens at $ 1136.72, a setback of $ 19.35 with respect to the previous closure (-1.7%). Meanwhile, the counted with liquidation (CCL) It quotes at $ 1148.33, equivalent to a daily decline of $ 17 (-1.5%).
In the caves and trees that operate in the City Porteña, the Blue dollar if you negotiate at $ 1165, which means a drop of $ 5 compared to the previous closure (-0.4%).
For the fall of financial contributions, The Buenos Aires bag also adjusts and falls 1.9%up to 2,050,253 units (US $ 1785). In the main panel, the highest casualties are observed among the actions of Metrogas (-2.7%), Edenor (-2.3%) and Commercial Company of the Plata (-1.8%).
In New York, American Depositary Receipts (ADR) of Argentine companies tend up. The papers of Free marketwith a rise of 7.2%, after yesterday presented the quarterly balance of the company and exceed the expectations of analysts. They also advance Globant (+6,2%), IRSA (+2,7%) y Tenaris (+2,3%).
