GD38
📈 Hard dollar bonds have recovered, re-entering their previous upward technical channel after a dip.
⏳ Longer-duration bonds like GD38 are preferred over shorter ones (like AL30) as they currently only pay coupons, avoiding complexities from capital repayments (amortization).
💰 Anticipation of upcoming coupon payments in July, potentially supported by IMF funds, suggests further price appreciation potential for these bonds.
@ClaveBursatilTV:
“Another thing to… to move on to another type of asset. We are talking about hard dollar assets. Notice that in the end, the break we had seen last week of the downward channel recovered. It ended the week positive. Last week was tremendous because it had a monstrous slide at the beginning, and then a blastoff at the end. And then the blastoff on Monday that went up… well, the AL29 and AL30 went up relatively little, like 4%, compared to 9% for the long bonds. But it got back above the channel again. So yes, this ceiling still serves, this little channel. Well, the ceiling… remember, yes, the amortization thing, Tincho. The AL30 paid last time, that’s why I would tell you to look at it with a long bond, that we talked about last Tuesday, I think. Look at it with an E38, a GD38, E35, GD35, any of those, the one you like the most. Because those are not paying capital yet and only pay coupon. It’s accrued coupon, but as I told the guys the other day in the workshop, the truth is that bonds usually appreciate before payment. So, even more with this IMF thing, surely we will have a rise in bonds until July when those that pay coupons and amortizations pay, because there are a couple that pay capital.”
Watch the exact part of the video where @ClaveBursatilTV talks about Argentina Global Bond 2038 here:
Watch the video on YouTube
Read more articles analyzing Argentina Global Bond 2038 (GD38) at the following link. GD38 stock.
