Macroeconomy/Finance

The S&P Merval shot up over 10% and bonds fell to almost 6%.

The most significant increases were recorded by the shares of YPF (18.43%), Pampa Energía (18.05%) and Cresud (14.5%) in a round where no paper ended with a negative sign. The shares thus coupled with the technical rebound of the ADRs, which advanced to almost 27%. The fixed-income segment continued to be concerned about the debt restructuring process, whose latest signs are leaning towards a more robust offer. In this regard, the Discount under Argentine law fell by 4.7%, Bonar 2020 decreased by 5.8%, and Bonar 2024 lost 3.7%.

Source: Ámbito

Categories: Macroeconomy/Finance