Overview
- Treasury placed 8.5 trillion pesos with a 111.17% rollover in its first auction under Finance Secretary Alejandro Lew, fully renewing near-term peso maturities.
- The wholesale rate fell for a second session to roughly $1,450–$1,452, staying below the managed band’s ~$1,498 ceiling, while Banco Nación’s retail dollar ended at $1,475.
- Financial and parallel rates eased or stabilized, with MEP near $1,485–$1,496, CCL around $1,501–$1,516, and the blue near $1,455, as futures priced $1,478 for November and $1,513 for December.
- Sovereign bonds advanced and the country risk gauge slipped to the mid-600s, while equities paused after recent post‑election gains.
- Fragile reserves near US$39–40.8 billion and an upcoming US$822 million IMF interest payment keep the outlook contingent on sustained rollovers and genuine reserve accumulation.