Friday, February 3

The Merval rose 0.7% while dollar bonds climbed up to 3.5%

In addition, the volume of the Merval index was again above 1,000 million pesos, taking into account that until last week the amount operated had barely exceeded the figure on only two occasions in the month.

“The same could be attributed to the heightened volatility that all international markets present, with portfolio rearms, new strategies, among others,” said analyst Javier Rava.

Meanwhile, Argentine bonds in the local over-the-counter market rose an important 1% on average, led by the trend of dollarized issues, which maintain a rate of return (IRR) of around 25% per year.

“The technical rebound of the north contributed positively to the recovery of domestic assets, since tactical bets are activated in the face of said external push and also speculations regarding advances in technical and political negotiations with the IMF,” said Gustavo Ber of Estudio Ber.

He added that “given the proximity of maturities in the coming days, contacts with the agency would be intensifying in search of being able to close an understanding regarding the main guidelines of the economic “roadmap”.

For its part, the country-risk prepared by the JP Morgan bank fell 1.6% to 1,896 basis points, after marking a record high of 1,969 units on Monday.