Today, the stocks and bonds of Argentina experienced widespread increases, recovering from the declines of recent days. Investors' attention was focused on the decision that the Federal Reserve of the United States would make regarding interest rates, which ultimately decided to keep them unchanged. On the Buenos Aires Stock Exchange, the Merval index recovered nearly 4% measured in dollars, thus mitigating part of the losses accumulated over the last twelve sessions.
As for dollar-denominated bonds, they also recorded good performance, contributing to a drop in country risk to 614 points. On the other hand, U.S. Treasury bond interest rates remained within the range expected by most financial market analysts, ranging between 4.25% and 4.5%.
On the other hand, the main indices of Wall Street closed negatively, with declines of up to 0.7% in the case of the S&P 500 index. However, Argentine stocks listed on Wall Street managed to escape this downward trend, ending with gains of up to 7.3% in hard currency, as was the case with Pampa Energía. Regarding dollar-denominated bonds, they maintained the positive trend seen on Tuesday, showing increases of up to 1.2%.
Despite the fact that Argentine debt remains negative for the year, country risk diminished even further, approaching 600 points.
