Sunday, January 16

Bonds fall sharply and Country Risk climbs to 1,715 points due to political tension and bad global climate

These decreases are reflected in the Country Risk of Argentina, measured by the JP Morgan bank, which rises 11 units to 1,715 basis points.

“The rejection of the budget can complicate the negotiations with the Fund (IMF). Now we must be attentive to the steps that the ruling party will take,” said a stock trader.

The treatment of the budget occurs at a time when the Government tries to reach a debt restructuring agreement with the multilateral credit organization for about US $ 45,000 million.

An IMF spokesperson told the press that a “general” understanding was reached with the Government to reduce the fiscal deficit and thus attack inflation, although he clarified that there is no date to reach an end to the negotiations for a new credit program.

“Uncertainty has a lot to do with a lot of variables, not only with the approval of the budget but also having a clearer horizon. The path to where the government’s economic scheme is aimed,” said Christian Viand, from Criteria.

He added that “there is also a bit of noise in the international market that has to do with commodity values ​​and see what happens with the omicron and things like that, but in that part we see that this is going to stabilize faster than later. “.


Meanwhile, the Argentine stock market operates with selective improvements on Friday. Leading S&P Merval Index improves 0.8%, to 83,632 units, after gaining 2.5% in the previous session. At the same time, Argentine stocks listed on Wall Street registered a majority of increases, led by Despegar’s papers (+ 5.7%).