The message of the United States Treasury Secretary, Scott Bettingthe humor of the markets in Argentina and the United States changed. The official said that in the extreme case the American treasure could give Argentina a loan. Hours later, when the rise in the indices in Wall Street was losing strength, Besent in a private event for investors organized JP Morgan He said that the conflict with China was “unsustainable” and that there was going to be a “descale.”
Everything changed three hours after the closure and the three main indicators of the New York bags closed with increases of more than 2.50% because the investors sensed that the rise was more than a rebound and stopped taking profits.
In Argentina, the news hit the SUBSEY AND BAG BONDSplaces affected by the main reform.
At the same time, the trend of the dollar was turned because companies that cannot act in the Changing free market (MLC)to buy currencies. He MEP dollar had an increase of $ 18.30 (+1.6%) and the counted with liquidation (CCL) from $ 21.13 (+1.9%) to $ 1,153.59. The “Blue” was the largest reaction: it increased $ 35 (+3%) to $ 1,185. The reference exchange rate rose 2.14% to $ 1,093.33. For some the time to buy appeared. They do not believe that the government expects the currency to fall to $ 1,000 to accumulate reservations. The cable, the difference between the MEP and the CCL, returned to the normality of 1.5%.
For Martín Yanzón, Chief of the Conosur table “today we saw something unusual: all Argentine assets, but with financial dollars and the official exchange rate uploading, keeping the gap with the financial ones.”
At the same time that the dollar rose in the local square he did it in the world. The DXY, the index that measures the American currency against the six most important currencies in the world, increased 0.66% and cut 5 decreases. For Yuan it was not a lucky event; It was devalued to 7.32, while the Real was revalued to 5.72 per dollar.
According to the F2 report by Andrés Reschini “the central still does not intervene in the MLC while the official exchange rate moves inside the bands and in the Electronic open market (MAE) The increase in volume is being noticed, although from the agriculture they are still somewhat reluctant to liquidate and for now they focus on the collection of the grains ”.
He also pointed out that Monthly Economic Activity Estimator (EMAE) February had an increase in the general level of 5.7% against February last year and 0.8% compared to January. The recovery continued to maintain its firmness and the level of activity is approaching the Picos of 2018 and 2022 ”.
-About the futures market he warned that the rise of the official exchange rate “was mainly responsible for the increase in futures, given that the implicit rates (except for the end of April) were maintained without significant changes. On the other hand, the open interest showed an increase of 17.5 million (not closed contracts) after two disarmament wheels”.
Besent’s statements gave strength to the sovereign bonds that had increases of up to 3%. They were sued Bonars and global.
The bag was the other beneficiary and the Merval index of the leading shares increased 2.7% in pesos and 0.8% in dollars. The most outstanding actions were those of Metrogas with 12.2%, after a solitude rise of 8% the previous day; those of the Supervielle Bank with 9% and those of Cresud with 7.9%.
The ADR -Certified of possession of Argentine shares that quote in the New York bags at the price of the CCL dollar- had generalized rises of up to 5.8% as was the case of Supervielle and only one decline, that of Telecom (-0.2%).
The bonds in fixed rate pesos followed the same trend of the previous wheel. There are no investors for the bonds that adjust by CER, while the LECAP and Boncap at a fixed rate remained almost stable. The detachment from the bonce is due to the fact that inflation estimates for April fell to an area between 2.5 and 3.5% after the partial leaving of the stocks.
At the close of the market, the tender of treasure bonds was announced for tomorrow. The instruments that will be tendered are:
- Lecap expiring on August 15, 2025.
- Lecap expiring on September 12, 2025.
- Boncap expiring on October 17, 2025.
- Zero coupon bonce with adjustment by CER and expiration on October 31, 2025.
- BANCAP expiring on January 30, 2026.
- Boncap expiring on January 15, 2027.
- Zero coupon bonce with expiration with expiration on March 31, 2027.
- Treasury letter linked to the dollar (dollar linked) zero coupon expiration on January 16, 2026.
Except for the first two Boncap, the other bonds beat from the mid -term elections. This novelty, to tender longer -term bonds, transforms the tender into a real electoral survey of investors.
On the other hand, last night in the after Market the New York bags operated with increases of more than 1.5% which indicates that yesterday’s reaction was not a mere rebound. Gold, the shelter asset, quoted with a drop of 1.44%. Sovereign bonds and local actions can repeat this upward behavior today.
