Bonds cut the negative streak and rise strongly again on Wall Street

Bonds and country risk end the week by breaking a three-day bad streak. Debt securities, which after constant increases throughout October this week had put a brake on, rise to almost 2% this Friday on Wall Street. So, The country risk falls from 984 to 952 basis points.

Las Argentine stocks listed in New York are also in the green. They rise between 2 and 3% on average, except for Edenor, which this Friday received a good grade from Morgan Stanley, which adds to the rate increase that starts next week and advances 8.9%. TGS and YPF also show increases of 4%.

He Merval, in Buenos Aires, grows 3%, also driven by companies linked to energy.

Bonds in New York law dollars had improvements of the order of 15% average and those in local law 17% average last month.

“The descents of the last wheels could not undo the incredible returns that the Globales (bonds in dollars) exhibited in October. In this sense, after reaching a maximum of five years This Monday, on Thursday they put together their third consecutive round of falls: their weighted average price by outstanding fell 3% in the last three days to culminate at US$ 59.2. In any case, they finished solid with returns of 13% average for the month,” they indicated in PPI.

And they added: “Taking into account the incredible rally in October, with no negative news for our debt, this week’s declines do not seem like an alarm to us. It makes sense that, after the rally, some market players have decided close positions to take profits. Especially with the US elections knocking on the doorwhat could bring volatility to emerging markets”.