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Country risk rises again and approaches 2,900 points

2020-03-11T15:01:31.284Z


Argentine bonds and stocks fall.


03/11/2020 - 11:48

  • Clarín.com
  • Economy
  • Economy

In the final stretch of the launch of the debt restructuring offer, country risk, which measures the difference in the rate that Argentina's bonds must pay against those of the United States, continues to rise. After the black Monday, when it shot, on Tuesday it rose again and this Wednesday already advances 3%, to 2,886 basis points.

This is because the debt bonds that are quoted on Wall Street and are those that are taken as a reference fall between 1% and 2%. Among those who fall the most is the Centenary, which drops 70 cents, to US $ 35.35. It is one of those in the list of titles to be restructured. The list includes 35 bonds, under the laws of New York, London and Tokyo, according to the decree published on Tuesday. In total, they total US $ 68,842 million, in the hands of private investors.

Like bonds, stocks are also listed in red. In Buenos Aires, the S&P Merval loses 2.5%, with more relevant falls for YPF, Cresud and Ternium.

On Wall Street, Argentine stocks mostly recede, with drops of up to 6% for YPF. They follow the path of the United States Stock Exchange, which loses 3.5% at the start.

The tourist dollar rises to $ 84.14, while blue quotes around $ 79.75 seller.

NE

Source: clarin

All business articles on 2020-03-11

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