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LONDON (Reuters) – State bonds and Argentine shares showed signs of stability on Tuesday after their fall after the defeat of President Mauricio Macri during the weekend primaries.
Jeffreys Brokerage's price indices showed that all major Argentine dollar bonds with maturities between 2021 and 2117 increased by 0.5 cents against the dollar.
Banker Banco Macro, listed in Argentina, also rose 5% and Grupo Supervill rose 10% in pre-market trading after losing more than half of its value on Monday.
The peso collapsed 15% and shares fell 48% in dollars. It's the second-biggest drop in a day since 1950 and 100-year bonds fell 20% as fears grew that the government was failing.
(Reuters)
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