binance left Coinmarketcap net_left adver left

Argentina bonds fall on split between government and IMF

Friday, January 7, 2022
Argentina bonds fall on split between government and IMF © Reuters. FILE PHOTO: Argentine Economy Minister Martin Guzman gestures during an interview with Reuters, in Buenos Aires, Argentina March 11, 2020. REUTERS/Agustin Marcarian/File Photo

By Jorge Otaola

BUENOS AIRES (Reuters) - Argentina's sovereign bonds fell on Thursday after its economy minister said it would be difficult to reach agreement with the International Monetary Fund on refinancing the nation's $45 billion debt due to differences over its deficit.

The South American government and the multilateral organization are struggling to reach an agreement, Martín Guzmán told provincial governors on Wednesday, at the closing of the domestic financial market.

U.S. dollar-denominated Argentine bonds fell about 1 cent across the curve, with all issues trading between 30 cents and 36 cents on the dollar and yielding from 16.7% to 23.7%.

Analysts pointed to several reasons for the drop.

"Argentina does not agree with the IMF about the path to reducing its budget deficit. The government doesn't plan to reach fiscal balance until 2027," said professor and economist Santiago Bulat.

"In view of the important differences that remain to be bridged with the organization, and the search for internal political support to reinforce this position, the chances are growing of not reaching an agreement on a comprehensive economic plan in time given the large maturities," added economist Gustavo Ber.

Argentina faces $4 billion in debt payments to the IMF in the first quarter and $19 billion for the whole year, with a similar figure due in 2023, apart from planned repayments with private creditors and before the Paris Club.

A spokeswoman for Argentine President Alberto Fernandez said the IMF was calling for an adjustment policy that "compromises the Argentine people."

"We hope that it can be resolved as soon as possible," said spokeswoman Gabriela Cerruti. "Argentina is not going to default ."

Argentina recorded a primary deficit of 6.5% of GDP in 2020 due to a sharp increase in spending during the COVID-19 pandemic, and plans to lower it to 3.3% this year, after the economy began a process of recovery with growth of around 10% in 2021.

(Report by Jorge Otaola; Additional reporting by Hernán Nessi and Rodrigo Campos; Edited by Eliana Raszewski and David Gregorio)

Leave your comment
ig right nyse right Neteller adver right
APPROVED BROKERS
rakuten_main right top net_home_top ig_main right top Binance _ main right top fbs_main right top tifia_main right top
26-01-2022 09:24:14 (UTC+7)

EUR/USD

1.1288

-0.0010 (-0.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (1)

EUR/USD

1.1288

-0.0010 (-0.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (1)

GBP/USD

1.3504

+0.0008 (+0.06%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

USD/JPY

114.25

+0.40 (+0.35%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (1)

AUD/USD

0.7165

+0.0017 (+0.24%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

USD/CAD

1.2583

-0.0044 (-0.35%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

EUR/JPY

128.98

+0.33 (+0.26%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

EUR/CHF

1.0381

+0.0006 (+0.06%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

Gold Futures

1,832.70

-19.80 (-1.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (5)

Silver Futures

23.657

-0.239 (-1.00%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

Copper Futures

4.4935

+0.0435 (+0.98%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Crude Oil WTI Futures

86.52

+0.92 (+1.07%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (2)

Sell (6)

Brent Oil Futures

88.25

+1.07 (+1.23%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (7)

Natural Gas Futures

4.131

+0.237 (+6.09%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (9)

US Coffee C Futures

238.80

+0.90 (+0.38%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Euro Stoxx 50

4,169.95

+91.69 (+2.25%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (9)

S&P 500

4,356.45

-53.68 (-1.22%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (10)

DAX

15,461.95

+338.08 (+2.24%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (7)

FTSE 100

7,503.53

+132.07 (+1.79%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (10)

Hang Seng

24,289.90

+46.29 (+0.19%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

US Small Cap 2000

2,004.80

-28.71 (-1.41%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (8)

IBEX 35

8,663.96

+184.46 (+2.18%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (7)

BASF SE NA O.N.

67.595

+2.265 (+3.47%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Bayer AG NA

51.52

+0.70 (+1.38%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (10)

Allianz SE VNA O.N.

224.50

+4.45 (+2.02%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

Adidas AG

245.12

+7.37 (+3.10%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (6)

Deutsche Lufthansa AG

7.070

+0.393 (+5.89%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (7)

Siemens AG Class N

141.53

+3.01 (+2.17%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

Deutsche Bank AG

11.448

+0.374 (+3.38%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (7)

 EUR/USD1.1288↑ Buy
 GBP/USD1.3504↑ Sell
 USD/JPY114.25Buy
 AUD/USD0.7165↑ Sell
 USD/CAD1.2583↑ Buy
 EUR/JPY128.98↑ Buy
 EUR/CHF1.0381↑ Sell
 Gold1,832.70↑ Sell
 Silver23.657↑ Sell
 Copper4.4935↑ Sell
 Crude Oil WTI86.52↑ Sell
 Brent Oil88.25↑ Sell
 Natural Gas4.131↑ Sell
 US Coffee C238.80↑ Sell
 Euro Stoxx 504,169.95↑ Sell
 S&P 5004,356.45↑ Sell
 DAX15,461.95↑ Sell
 FTSE 1007,503.53↑ Sell
 Hang Seng24,289.90↑ Buy
 Small Cap 20002,004.80↑ Sell
 IBEX 358,663.96↑ Sell
 BASF67.595↑ Sell
 Bayer51.52↑ Sell
 Allianz224.50↑ Sell
 Adidas245.12↑ Sell
 Lufthansa7.070↑ Sell
 Siemens AG141.53↑ Sell
 Deutsche Bank AG11.448↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,190/ 6,240
(-5/ -5) # 1,175
SJC HCM6,180/ 6,245
(-10/ -10) # 1,179
SJC Hanoi6,180/ 6,247
(-10/ -10) # 1,181
SJC Danang6,180/ 6,247
(-10/ -10) # 1,181
SJC Nhatrang6,180/ 6,247
(-10/ -10) # 1,181
SJC Cantho6,180/ 6,247
(-10/ -10) # 1,181
Cập nhật 26-01-2022 09:24:17
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,839.78-9.95-0.54%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2486025350
RON 95-II,III
E5 RON 92-II2359024060
DO 0.05S1890019270
DO 0,001S-V1925019630
Dầu hỏa1779018140
ↂ Giá dầu thô thế giới
WTI$86.59+0.290.34%
Brent$89.43+0.170.19%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.460,0022.770,00
EUR24.918,8126.315,80
GBP29.789,2431.061,45
JPY192,82204,12
KRW16,3519,92
Cập nhật lúc 18:54:49 26/01/2022
Xem bảng tỷ giá hối đoái
binance main right Fxpro Main Right aetos main right adver main right