Argentina's debt market is showing a recovery in sovereign bond prices in dollars this Friday thanks to statements from the Minister of Economy, Luis "Toto" Caputo, after the sharp declines recorded in the previous session due to kirchnerismo.
According to available data, Global 29 rose 1.2%, Global 30 gained 1%, Global 35 appreciated 1.8%, Global 38 improved 1.7%, Global 41 rebounded 1.7%, and Global 46 led the increases with a 2.3% rise. These movements contrast with what happened in the previous session, when the securities posted significant losses after the vote in Congress, where kirchnerismo rejected President Javier Milei's vetoes of deficit laws.
Luis Caputo, ministro de Economía.
Simultaneously with the rebound of securities abroad, the EMBI+ Argentina, calculated by JP Morgan, fell by 35 points and stood at 1,421 points shortly before noon. According to the information gathered, on Thursday the indicator had ended at 1,456 points after an increase of 290 points in a single session, as a result of the collapse in sovereign bond prices.
Operators and investors are focusing this Friday on the performance of Global bonds and the trajectory of country risk. The evolution of prices and the JP Morgan indicator set the course for Argentine assets in international markets.
Javier Milei y Luis Caputo.
Caputo's statements last night
Leandro Svirsky, from Becerra Bursátil, interpreted the rebound after "several days of declines" and linked it directly to the Government's message. "After Minister Luis Caputo's statements on the 3 Anclas program, assuring that the interest on Argentine bonds due in January and July 2026 will be paid, markets are starting Friday's session on a positive note," Svirsky explained.
In the same vein, the head of Economy, Luis Caputo, stated last night in a streaming broadcast: "We're going to sell every last dollar at the top of the band." The official sought to send a signal of calm amid one of the most intense weeks for the financial market since Javier Milei took office in December 2023.
Caputo reaffirmed the continuity of the current exchange rate scheme and emphasized that the Treasury is focused on securing the debt commitments scheduled for January. He indicated that the official announcement will be made once the payments are completed, with the aim of conveying confidence to bondholders awaiting that amortization.
