The Central Bank acquired this Tuesday about 45 million dollars in the cash segment, in a round with a significant amount traded of 447.3 million dollars. So he scored three consecutive wheels with a favorable balance, for a total of 68 million dollars, and it is doing so after a negative electoral result for the Government and in a month where historically the monetary entity loses reserves.
While, the blue dollar traded 182.50 pesos, the cash with settlement closed at 171.57 pesos. In business with stocks and bondsAfter the bullish rally after the defeat of the ruling party this Sunday, there was an adjustment. Corporate papers fell about 2 percent and government securities lost 1 percent. In this way country risk it was located in 1496 points.
Among investors the August inflation figure of 2.5 percent surprised. An increase of 2.9 percent was expected. This led to a slight decline in CER-adjusted bonds of up to 0.2 percent, while longer-term inflation-indexed securities fell 0.9 percent.
Market operators they began to speculate whether it is a temporary or permanent drop in the inflation rate. And they carry out conservative analysis stating that “in a scenario in which the policy will try to reverse the result of the PASO, nothing else can be expected than more issuance and future impacts on prices.”
The strong rebound in bonds and stocks on Monday failed to last the next day. The Local New York-listed companies lost nearly 5 percent. In the previous day they had increased to almost 15 percent.
Meanwhile, the The Ministry of Economy announced a new tender made up of three Treasury bills. The objective is to obtain 12,000 million pesos in financing. The tender will be this Thursday. Bills will be offered maturing on January 31, 2022, maturing on April 18, 2022 and finally on July 22, 2022. The last two will be adjusted for inflation. The Palacio de Hacienda reported that the offers will begin at 10 a.m. and end at 3 p.m.
The instruments will have a competitive and a non-competitive tranche and are part of the Market Makers Program. “Aspirants to Market Makers may present in the second round an offer for their own portfolio and one or more for the account and order of third parties, which will be by adhesion and at the same cut-off price of the first round,” indicated the Palace of Tax authorities.
The total amount to be tendered will be for up to a maximum amount of 20 percent of the total awarded in the first round of each of the instruments. Individuals and legal entities that submit the request in a timely manner through the settlement and clearing agents may participate in these operations.