Friday, August 12

Country risk rose (almost to the swap record)

In the bond market, Global securities in dollars fell by 2.5% yesterday, with special punishment for Global 2035 and Global 2038. Thus, the country risk prepared by the JP Morgan bank rose to 1,694 basis points, surpassing its record (since the debt swap) of 1,683 units scored this week. In the peso segment, on the contrary, dollar linked bonds showed significant increases, with particular interest in the long section after Wednesday’s bidding: Q2V2 gained + 2%, and TV23 + 1.5%. Meanwhile, securities that adjust for CER (inflation) posted increases of up to 1.7% (demand was seen especially in the middle section, with TX23 and TX24 gaining 1.5% on average).