Overview
- Economy Minister Luis Caputo confirmed a new Bonar 2029N in dollars with a 6.5% coupon, maturing November 30, 2029, with bids on December 10 and settlement on December 12.
- Following the announcement, Banco Nación’s retail dollar fell to ARS 1,460 for sale and the wholesale rate slipped to about ARS 1,435, extending a multi-day decline.
- Country risk moved into the low 600s, with reports around 613–634 points, as sovereign bonds advanced on renewed market confidence.
- Parallel and financial exchange rates were mixed, with the blue near ARS 1,430 and briefly matching wholesale, the MEP around ARS 1,474–1,475, and CCL near ARS 1,510–1,513.
- Externally, the Mexican peso strengthened to about 18.18 per dollar for its best close of 2025, supported by market odds near 87% for a Fed rate cut, with Banxico’s FIX at 18.22.