USD-DENOMINATED BONDS FELL AGAIN BY 0.8%, IN ANOTHER SESSION NEGATIVE AT THE GLOBAL LEVEL. The long end led the declines, dropping 1.1%, while the short end fell 0.7%. With this performance, the country risk (EMBI) rose again to 545 bps. On the other hand, Bopreals advanced by 0.4%.
ARS-DENOMINATED DEBT EXPERIENCED A WEAKER SESSION WHILE OVERNIGHT RATES REMAINED AROUND 20% NAR. The fixed-rate curve declined by 0.3% , while CER-linked bonds fell by 0.2%. Meanwhile, duals decreased by 0.1%, and dollar-linked bonds also edged down by 0.1%.
THE OFFICIAL EXCHANGE RATE ROSE 0.4% AND CLOSED AT $1,407.15, standing at 14.8% below the upper limit of the band. Both the MEP and CCL dollars increased by 0.2%, closing at $1,428.8 and $1,470.7, respectively, while the swap barely rose to 3%. Meanwhile, the BCRA extended currency purchases in the official market with acquisitions totaling USD 124 M, accumulating net purchases of USD 2,964 M for the year. In this context, gross reserves fell by USD 383 M to USD 45,825 M, mainly explained by the drop in the price of gold.
THE MERVAL FELL 0.3% IN PESOS AND 0.5% IN USD CCL TERMS, CLOSING AT USD 1,749. The communication services and banking sectors were the most affected. The biggest declines were seen in IRSA (-5.3%), Supervielle (-5.0%), and Telecom (-4.4%), while the best performances came from Aluar (8.1%), YPF (2.7%), and Transener (1.7%). Argentine stocks listed on Wall Street fell 1.6% on average, led by Supervielle, Telecom, and Ternium, which dropped between 5.0% and 5.6%. Meanwhile, Bioceres rose 6.1%.


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