Concern is rising among financial operators as news related to the agreement between Argentina and the IMF is awaited. Amid this uncertainty, markets and bonds are experiencing significant declines. The S&P Merval continues to fall without finding a solid level, while the country risk exceeds 750 points in a high volatility environment.
Investors are waiting for concrete signals related to a possible agreement with the IMF and the easing of currency controls. In this context, the leading BYMA panel falls by 3.2%, standing at 2,201,308.12 basic points, with a cumulative drop of 15% in dollars during February. Among the leading stocks with the greatest declines are Banco Macro (-7.1%), Telecom (-5.1%), and Transener (-4.4%).
As for dollar-denominated bonds, they continue on a downward trend with Bonar 2029 (-0.6%), Global 2038 (-0.3%), and Global 2035 (-0.2%) in negative territory. The country risk, measured by J.P. Morgan, increases by 0.3%, reaching 751 basic points.
Amid the anxiety to learn about updates on the agreement with the IMF, the numbers in the financial markets reflect the existing uncertainty and instability, as they wait to clear doubts and find a clear direction for the country's economy.
