Dollar and risk country through the clouds

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The country risk, which returned to grab the eyes of the analysts with the arrival of Change to shoot this Friday in 176 units up to 2447 points.

The prices of financial assets are ‘reprofiled’ towards an economy declared in default. The country risk, which once again caught the eye of analysts with the arrival of Cambiemos, is triggered this Friday by 176 units up to 2447 base points, far exceeding the values prior to the 2015 exchange. For its part, the retail dollar increases 73 cents to 61.03 pesos to the public, in line with the performance in the wholesale segment, where it increases exactly one peso, from 57.90 to 58.90 pesos, equivalent to 1.7 percent. Investors await the Central Bank’s announcement of a foreign exchange tender during the day.

The Standard & Poor’s agency called on Thursday Argentina’s decision to “unilaterally” extend its short-term debt maturities as a “selective default”. The news came out in the afternoon and was expected by the impact on the listing of the assets for the opening of the wheel. On electronic screens, bonds with foreign legislation and in dollars displayed setbacks. In particular for emissions with closer maturities. Anyway, the 100-year bonus also loses, 6.1 percent.

This fall in bonds leads to the rate differential it offers over U.S. Treasury securities, for the same period and amount, which is known as country risk, continuing its upward trend. The measurement of the JP Morgan put in their worst level in nearly 15 years after overcome that barrier of 2200 points on Thursday, prior to the judgment of default of the rating.

The risk-country Intelligence Service provides regular information on the political, economic and social situation of individual countries and their regional environment, with a preventive risk approach and qualitative and quantitative analysis capacity. What, how and who can affect the social, political and normative framework of a given country and its regional implications. Risk-country, in addition, identifies the probabilities of the different scenarios proposed, applying quantitative and probabilistic models based on surveys and other sociological studies.

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