US Treasury yields rose and Argentinian dollar bonds fell 5%
As the price of dollarized securities declines, long peso bonds consolidate in the market
The rise in US Treasury yields and overheated inflation in Europe which will lead the European Central Bank to raise interest rates by 0.50 points have shaken sovereign bonds in the region. The initial onslaught petered out, but towards the end they rebounded because buyers appeared when they saw the opportunity prices.
The free dollar closed at 377 pesos
Free quote from dollar it advanced two pesos yesterday Thursday on the parallel market, to $377 for sale. The ticket traded in the informal segment maintains an increase of 31 pesos or 9% so far in 2023. With a dollar wholesaler which advanced 30 cents, to $197.87, the exchange difference set to 90.5%.
The dollar counted with liquidation rose three pesos to $372 while the MEP he advanced four pesos to $364.
They collapsed obligations in dollars up to almost 7%. He countries at risk it jumped 7% in two days and ended at 2,088 basis points.
The Central Bank bought only $4 million, while an adjustment to the reserve target agreed with the IMF is expected
The entity maintains a negative balance of approximately USD 1,100 million in 2023 due to its foreign exchange intervention

The Central Bank is having a very negative start to the year in its forays into the foreign exchange market, as it negotiates a relaxation of the targets for increasing net reserves established in the agreement with the International Monetary Fund (IMF), a purpose of enabling future disbursements.
Financial day: the dollar rose and dollar bonds fell sharply
The Free Dollar advanced to $377 and stock prices posted record highs due to hedging. The S&P Merval lost 2.7% and ADRs on Wall Street fell 7%. Securities in dollars fell by 2.4% and country risk returned to around 2,100 points

Financial market agents took note of the lack of economic definitions in Argentina and began to act accordingly, adjusting prices in all segments. Dollar stock prices rose to record highs and provided upward momentum for the free dollar. Dollar bonds lost ground again, influenced by greater risk aversion abroad, and Argentinian equities also fell.