Following the IMF statement, bonds fall and the country risk exceeds 2,100 points

02/20/2020 - 12:48

• Clarín.com
• Economy
• Economy

The bonds fell at the opening of this Thursday in the local plaza, both in pesos and dollars. It occurs after the declaration of the Monetary Fund that the debt is not sustainable and that an "appreciable contribution" from the bondholders will be necessary.

Dollar bonds fell up to 2.3% , while those nominated in local currency lost up to 0.9% , except for the AF20 reperfiled, which today can be used to subscribe a new title that adjusts for Badlar and expires in 2021, which fell more than 5.6%.

Around 12.30 the country risk , the indicator prepared by the JPMorgan bank, rose 4.1% to 2,138 units. The index of the Buenos Aires stock market, meanwhile, advanced at noon 1%.

Investor reading focused, beyond the Fund's support, on the suggestion that Argentine debt holders should accept an important take-off, which speaks of an unfriendly restructuring and negotiation that is likely to extend beyond Times planned by Minister Martín Guzmán.

Market attention is also focused on the result of the tender of Treasury securities on Thursday, after the weak demand achieved in the operation organized last week, in which the maturity could not be renewed .

The alternative dollars, finally, showed minimum setbacks : the "Stock Exchange Dollar" was trading at $ 80.67, while the "Counted with Liquidation" cost $ 81.50.