Overview
- The Finance Secretariat will take bids on Wednesday, January 14 to refinance roughly ARS 9–9.6 trillion, with about ARS 8.8–8.9 trillion estimated in private hands, and settlement set for Friday, January 16.
- The offering spans fixed-rate, CER-adjusted, TAMAR and new dollar‑linked securities, reflecting an effort to maximize participation and secure a near‑full rollover.
- Treasury deposits at the central bank are about ARS 3.1 trillion, a limited buffer that heightens focus on yields and raises questions about remonetization capacity.
- Short‑term peso rates remain unstable, with the one‑day caución reported intraday as high as 190% before closing near 90%, underscoring scarce liquidity.
- The BCRA bought USD 55 million in the latest session and USD 273 million over six days, lifting gross reserves to USD 44.768 billion, while consolidated net intervention is negative by about USD 51 million as Treasury FX sales outpaced central bank purchases.