Why Argentine Bonds Rise After Trump's Defeat: Country Risk Breaks 830 Point Floor · Global Voices
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12 Articles
The country risk rose to 834 points.
While the main international stock exchanges registered ups after Donald Trump’s electoral defeat, Argentine debt securities went back again and the JPMorgan indicator reached its highest level in one year. Argentine financial assets again showed a negative performance this Wednesday, in contrast to the recovery of international markets. The country’s risk rose 19 units, to 850 basis points, driven by a new fall in sovereign bonds, which recorde…
The overwhelming victory of the Democrats in U.S. legislatives generated euphoria in the markets, with the bonds of their Treasury and Wall Street at the head. The collapse of oil, by reading that peace in the Middle East is closer, and the prospect of lower public spending in the country of the North, positively impacted the Treasuries, which led to the rate of the bond to 10 years to 4.88%, already far from the peak of 5.31% a month ago. That …
In the first day after the mid-term elections in the United States, Argentine sovereign bonds in dollars registered slight rises of up to 0.6 percent when coupled to the regional emerging debt relief for the legislative counterweight obtained by the Democrats against Donald Trump, although the country risk advanced to 834 basic points [...]
Source: Channel 26 In the day after the midterms, in which the Republicans had a massive defeat, in which the Wall Street indicators reacted with an upward trend, with the aim of having the balance of the elections end the war in Iran, among many other points demanded by the electorate [...] The entry On a positive day for Wall Street after Trump's defeat, the Argentine country's risk rises again and reaches the highest value of the year was fir…
The indicator of JP Morgan reached its highest level in one year, driven by the fall of sovereign bonds. While the main international exchanges operated in rise, Argentine assets showed a mixed performance. The official retail dollar remained stable at $1,570 for sale at Banco Nación (BNA).
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