The Central Bank continues to buy dollars | Despite speculative movements with the price of blue, the monetary entity accumulates reserves

Central bank acquired this Tuesday approximately $ 45 million on the cash segment, in a round of funding with a significant amount traded of $ 447.3 million. So he scored three consecutive wheels with a favorable balance, for a total of 68 million dollars, and this after a negative electoral result for the Government and in a month when historically the monetary entity loses reserves.

As, the blue dollar was trading at 182.50 pesos, cash with settlement closed at 171.57 pesos. In business with stocks and bondsAfter the bullish rally after the ruling party’s loss on Sunday, there has been an adjustment. Corporate papers fell about 2% and government securities fell 1%. In this way country risk it was located in 1496 points.

Among investors the August inflation figure of 2.5% surprised. An increase of 2.9% was expected. This led to a slight decline in CER-corrected bonds by as much as 0.2%, while longer-term inflation-linked securities fell 0.9%.

Market operators they began to speculate whether this was a temporary or permanent drop in the rate of inflation. And they conduct a cautious analysis stating that “in a scenario where policy attempts to reverse the outcome of PASO, nothing more can be expected than more emissions and future price impacts.”

The strong rebound in bonds and equities on Monday did not last the next day. The Local companies listed in New York lost nearly 5%. The day before, they had risen to nearly 15 percent.

Meanwhile, the The Ministry of the Economy announced a new tender consisting of three treasury bills. The objective is to obtain 12,000 million pesos in funding. The call for tenders will be this Thursday. The warrants will be offered maturing on January 31, 2022, maturing on April 18, 2022 and finally July 22, 2022. The last two will be adjusted for inflation. The Palacio de Hacienda has indicated that offers will start at 10 a.m. and end at 3 p.m.

The instruments will have a competitive tranche and a non-competitive tranche and are part of the market maker program. “Aspiring Market Makers will be able to present in the second round an offer for their own portfolio and one or more for the account and order of third parties, which will be done by membership and at the same closing price of the first round”, indicated the Palais des Taxes.

The total amount to be tendered will amount to a maximum amount of 20 percent of the total awarded in the first round of each of the instruments. Natural and legal persons who submit the request in good time through the settlement and clearing agents may participate in these transactions.