The Ministry of Finance announced that next Monday, July 7, he will make a new tender. Similarly, the bound dollar bonds, which in the last sentence were excluded in the proposal. This was reported through a post on the social network X Minister of Finance Pablo Kurno.
From Balanz Capital, they indicated that “although the validity period is not difficult” this Monday, about $ 2.9 billion, the settlement day coincides with the date when BCRA will stop the management of lefis with banks. “Most likely, liquidity goes to short patterns (in particular, at 1 month), so we will not see the Mecon prize,” they expected.
The instrument menu, which will be the trend, will be as follows.
Lecap:
- 15/15/25 (S15G5)
- 12/09/25 (S12S5)
- 10.10.25 (S17O5)
- 28.11.25 (S28N5)
Bankap:
- 01/30/26 (T30E6)
- 06/30/26 (T30j6)
- 15/15/27 (T15E7)
Bonsse:
- A 31/26/26 (TZXM6)
Related dollar:
- 31.10.25 (D31O5)
- Until 16.01.26 (D16E6)
- A 31/26/26 (TZXM6)
“The government again provides the coating, and the dollar is connected by CER bonds,” says Eco GO, economist Sebastian Meneskaldi, chronnicler. What Federico Fillipini, the head of the Adcap research department and the strategy, added that “the government has expanded the proposal of the names for the tender understanding of two things: the bont will not go anywhere, and there is a greater demand for coating”
He notes that the greatest demand for insurance today comes from exporters who eliminate early exports and Peso holders, taking into account the greatest uncertainty of voters.
Nevertheless, Meneskaldi notes that “the deadlines that should be updated this month are not so many.” According to the consultant, about 12.4 billion dollars. USA at a fixed rate (bond), of which about 11.16 billion dollars. The United States is private.
“In general, the treasure is faced with a forty repayment for about $ 25 billion in July, consists of 14 billion US dollars in bonds and $ 11 billion in Lefi, held by banks, which is an emergency against previous tenders,” says Delphos, for his part.
And they warn that “if the treasures do not receive a duration of 100% of the maturity of July (including Lefis), it is expected that you decide to introduce more liquidity, reducing pressure on the rates and limiting the supply of tools with a fixed rate.”
Thus, for the economist Federico Gluston “this is a problem for the government, after the last tender that was also overturned in the context of the growth of the dollar playing the roof, strong indirect intervention in the future and high demand for savings and tourism for this tender.”
Consider that this speed can be higher and motivate to adhere to the strong and the achievement of the prolong, thinking about less pressure on the exchange speed and inflationary path, but also indicates that in the short term it can generate greater availability in electoral times. “Consequently, now paying for maintaining current conditions can be expensive,” he warns.
