11/03/2020 11:54
Clarín.com
Economy
Updated 11/03/2020 1:18 PM
The signal sent by the Minister of Economy Martín Guzmán on Monday that the Treasury will stop financing itself with a Central Bank issue at least for the remainder of the year tries to continue
decompressing the exchange market
, lower the gap and direct the economy.
For now, the steps taken by the official have
been achieving their objective
, although slowly and provisionally, since the brake on the dollar was also given through "calls" to the brokerage houses to limit their operations.
The blue dollar fell this Tuesday
to $ 164
, from $ 168 that had closed the previous day.
It is the
seventh low
since the record of $ 195 that it touched on Friday, October 23.
However, cash with liqui (the stock exchange operation that allows to withdraw dollars from the country) rises 2.3%, to $ 148.70 and the Stock Exchange dollar (to become foreign currency in the local market) advances 1.8%, to $ 141.76.
On the first day of the month, the Central was able to buy US $ 88 million (the entity was in charge of informing it), despite the fact that the quota of US $ 200 that savers can buy was renewed.
And it is because most of the savers are rejected.
Although
the gap between the blue dollar and the wholesaler
has been deflating, it is still above 100%.
The official dollar that companies and banks operate is trading at $ 78.90,
21 cents more than the closing of Monday
, which gives a gap of 113%.
Against the retailer, which is at $ 84, it is 95%.
Guzmán aims to bring it to 50/60%.
The savings dollar sells for $ 138.60.
The country risk this Monday falls 1.6%, to 1,440 basis points and the Merval rises 2.5%, hand in hand with stocks such as Galicia or Telecom.
Argentine shares on Wall Street rise,
with increases of up to 6%,
as is the case with YPF.
Edenor,
The measures that come
This Tuesday there will be a tender for debt in pesos, at variable rates that will be governed by passive repos (which are loans from banks to the monetary entity) that was elevated in recent days.
And on November 9, US $ 750 million will be tendered to “exit” some funds, such as Pimco.
This placement may be entered with 7 instruments (6 short-term letters and a Boncer to 2021) to exchange it for one of the two bonds issued in the debt restructuring closed at the end of August.
The options that investors may choose to exchange their securities in pesos to have instruments in dollars are the bond that expires in 2030 (the AL30) or the one that expires in 2035 (the AL35).
These have high yields.
At the end of this Monday they
yielded 17.2% and 15.15%,
respectively.
NE
Look also
After the first fiscal signal from the Minister of Economy, did the adjustment start?
Buenos Aires debt: without agreement with Axel Kicillof, creditors start hiring lawyers