26/06/2026 16:35 - Economia
After several days of intense currency pressure with the dollar constantly rising, the Argentine market found a moment of relative calm this Thursday. While the local stock exchange continues to show weakness, the dollars halted their upward race and bonds managed to stabilize.
Traders remain attentive to two key events: the final payment of the dollar-linked TZV26 bond taking place this Friday, and the debt tender being conducted by Finance Secretary Federico Furiase to cover maturities totaling AR$16.2 trillion, of which AR$12.9 trillion are held by the private sector.
The "blue" dollar (informal market rate) remained steady at AR$1,530, its highest price of the year, with no movement during the session.
The official dollar rose just 7 cents to AR$1,498.12, while financial dollars retreated:
The Central Bank (BCRA) successfully added US$ 24 million in reserves at the end of the day, after purchasing US$ 50 million in the local market.
The exchange rate gaps stood at:
2%
Official-Blue Gap
5%
CCL-Wholesale Gap
The Ministry of Economy will offer nine different instruments to cover this week's maturities:
| Type | Instrument | Maturity |
|---|---|---|
| Fixed Rate | Treasury Bill (capitalizable in pesos) | 11/13/2026 (new) |
| CER | Zero-coupon bond (inflation-adjusted) | 10/29/2027 (new) |
| CER | TZXM8 Bond | 03/31/2028 (reopening) |
| CER | Zero-coupon bond (inflation-adjusted) | 12/15/2028 (new) |
| TAMAR | Variable rate bond | 07/30/2027 (new) |
| DUAL | TXMD9 Bond (CER or TAMAR +3%) | 12/14/2029 (reopening) |
| Dollar Linked | D31G6 Bill | 08/31/2026 (reopening) |
| Dollar Linked | TZVD8 Bond | 12/15/2028 (reopening) |
| USD | AO28 6% Bond | 10/31/2028 (reopening) |
The Buenos Aires Stock Exchange fell another 0.4%, trading AR$58.9 billion in stocks and AR$335.5 billion in CEDEARs (Argentine Deposit Certificates of foreign shares).
Country risk dropped 3 units to 435 basis points.
"As they see you, they treat you: MSCI keeps us in the standalone category, so the bearish wave persists in the Buenos Aires market," analysts noted.
Mixed close for Argentine papers on Wall Street:
Rose (1-3%):
Fell (2-6%):
Abroad, a slight decline was observed in long-term U.S. rates:
3.9%
1 year
4.1%
5 years
4.4%
10 years
4.8%
30 years
The dollar globally fell against several currencies: -0.7% in Mexico, -0.4% in Brazil, -0.3% in Switzerland, while rising 0.2% in Chile.
In commodities, oil rebounded 3.1%, precious metals rose, and in Chicago all grains closed higher, especially corn and soybeans.
The Ministry of Economy set the final payment price at AR$1,478 for the remaining AR$2.2 billion corresponding to the dollar-linked TZV26 bond. This Friday, AR$1.5 trillion will be released through this mechanism.
Source: El Economista
Alfredo S. Quiroga
