Macroeconomy/Finance

The government will bid on Treasury bills

The S&P Merval index lost 30.3% measured in pesos and closed at 24,384.24 units. The Buenos Aires stock market suffered during March a 34% slide in dollars (measured by the CCL) and 30.3% calculated in pesos, becoming one of the most affected markets in the world due to the economic and health effects, still uncertain, as a result of the coronavirus outbreak. Bonds rose to 6.2% (AA37) on Monday, in a market attentive to signs of debt restructuring promoted by the government, a situation that reflected an improvement in country risk, which fell 2.5%, or 105 points, to 4,082 units.

Source: Ámbito

Categories: Macroeconomy/Finance