The financial market is presenting interesting opportunities despite its current burden. Experts have pointed out that it is a good time to return to fixed-rate bets at 2.6%. A hint of what could happen in the context of the agreement with the IMF emerged from a social media message from Luis Caputo, accompanied by comments from economist Pablo Guidotti, marking a possible path towards a new Extended Fund Facility agreement.
In recent future dollar operations at A3 Mercados, contracts for the end of December showed a decrease of 0.5%. This signal is relevant for the Government on the eve of the agreement with the IMF, while the market is expectant of possible fluctuations after the elections and it is hoped that Argentina will regain access to the international capital market in the short term.
In the latest auction events, the Treasury has offered higher yields to secure an adequate level of financing, seeking to attract investors' attention. The current rate of 2.6% per month is considered attractive in relation to expected inflation and the possible stabilization of the dollar with the influx of soybean currency at the end of the month, according to experts in the financial sector.
The renewal of maturities in the hands of private investors is also on the horizon, with the expectation of minimal demand for coverage against possible post-election devaluations. It is hoped that through new auctions of Treasury bills and bonds, the need to renew these financial commitments will be met.
Despite international uncertainty and the defensive attitude of investors, there is confidence in the renewal of maturities and an understanding with the IMF is anticipated that could carry changes in capital controls and access to international financial markets.
