Buenos Aires, Feb 10 (NA) — Bonds are trading on Tuesday with volatility, turning around and trading in the positive, especially those with shorter maturities. Meanwhile, stocks are mostly operating with a negative trend.
The S&P Merval index fell 1% to 2,947,720.61 points, while in dollars it retreated 0.1%. Regarding ADRs, a negative trend is also confirmed, with losses for Edenor (-2.9%), Grupo Supervielle (-2.8%), and Irsa (-2.3%).
Markets were operating with this trend before the January inflation data was released, which is controversial due to the resignation of INDEC head Marco Lavagna. Additionally, this Monday, the Consumer Price Index of the City of Buenos Aires (IPCBA) was released, rising 3.1% in January.
Regarding bonds, the fixed-income curve is volatile, as after a session start with mostly 'red' numbers, the bonds reverse their behavior. In particular, the gains of Global GD29 (+1.6%) and Bonar AL29 (+0.5%) stand out.
In this scenario, a new treasury bill auction is coming up.
