The fight between Milei and the governors hits bonds, but stocks resist and the dollar continues to decline. The escalation of political tension between the Casa Rosada and the provincial governors negatively affects the prices of dollar bonds.
The equity market is more resistant to political news. Although in the local market the Merval index loses 0.1%, on Wall Street the majority of Argentine companies are moving in the green this Monday. Banking sector papers are the most benefited, with increases reaching almost 5% in hard currency.