{"id":32418,"date":"2026-10-29T02:38:43","date_gmt":"2026-10-29T05:38:43","guid":{"rendered":"https:\/\/cliente1.publisher.highstack.com.ar\/?p=32418"},"modified":"2026-10-29T02:38:43","modified_gmt":"2026-10-29T05:38:43","slug":"argentina-el-unico-pais-de-la-region-que-sufre-por-brasil-los-inversores-dudan-y-hay-mas-riesgo-para-bonos-que-vencen-despues-de-2027","status":"publish","type":"post","link":"https:\/\/cliente1.publisher.highstack.com.ar\/?p=32418","title":{"rendered":"Argentina, el \u00fanico pa\u00eds de la regi\u00f3n que sufre por Brasil: los inversores dudan y hay m\u00e1s riesgo para bonos que vencen despu\u00e9s de 2027"},"content":{"rendered":"<div class=\"ai-tools\"><button type=\"button\" class=\"ai-tools-item\" aria-pressed=\"false\" aria-busy=\"true\" disabled id=\"ai-tool-listen\"><span class=\"ai-tools-icon\"><svg width=\"16\" height=\"16\" viewbox=\"0 0 16 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M14.99 9.22417C14.89 8.65466 14.5799 8.25501 14.0497 8.0352C14.0096 8.01522 13.9696 7.94528 13.9696 7.90532C13.9196 6.81627 13.6395 5.79716 13.0493 4.86797C12.0589 3.28934 10.6484 2.3102 8.80779 2.06042C6.8771 1.80064 5.1965 2.38014 3.81601 3.76893C2.69561 4.89794 2.10539 6.28673 2.04537 7.89533C2.04537 7.97526 2.01536 8.00523 1.94534 8.0352C1.35513 8.29498 1.03501 8.77456 1.01501 9.42399C0.994998 10.4731 0.994998 11.5222 1.01501 12.5712C1.02501 13.2507 1.53519 13.8701 2.19543 13.96C2.64559 14.02 3.10575 13.97 3.58592 13.97V13.8102C3.58592 11.9818 3.58592 10.1434 3.58592 8.31496C3.58592 7.93529 3.61593 7.54563 3.69596 7.16596C3.88603 6.2068 4.34619 5.38751 5.06645 4.73808C6.21686 3.69899 7.55734 3.34929 9.05788 3.71897C10.2483 4.00872 11.1486 4.7181 11.7889 5.78716C12.259 6.56648 12.4291 7.42573 12.4291 8.32495C12.4291 10.1534 12.4291 11.9918 12.4291 13.8301V14C12.8492 14 13.2494 14 13.6495 14C14.0497 13.99 14.3698 13.8002 14.6299 13.5004C14.8299 13.2706 14.93 12.9909 15 12.6911V9.29411C15 9.29411 14.98 9.26413 14.98 9.24415L14.99 9.22417Z\" fill=\"#e46211\"><\/path><path d=\"M5.08646 8.4948C5.04645 8.18507 4.74634 7.98525 4.45623 8.06518C4.21615 8.13512 4.0761 8.32495 4.0761 8.60471C4.0761 9.40401 4.0761 10.2133 4.0761 11.0126C4.0761 11.8119 4.0761 12.6312 4.0761 13.4505C4.0761 13.8401 4.44623 14.0899 4.78635 13.9401C5.03644 13.8301 5.10647 13.6203 5.10647 13.3606C5.10647 11.8019 5.10647 10.2333 5.10647 8.67464C5.10647 8.6147 5.10647 8.55475 5.09646 8.4948H5.08646Z\" fill=\"#e46211\"><\/path><path d=\"M11.2587 8.08516C11.0386 8.16509 10.9185 8.36492 10.9185 8.66465C10.9185 10.2333 10.9185 11.8119 10.9185 13.3805C10.9185 13.4405 10.9185 13.4904 10.9285 13.5504C10.9586 13.7902 11.1686 13.98 11.4087 13.99C11.7188 14 11.9489 13.7802 11.9489 13.4405C11.9489 12.6412 11.9489 11.8319 11.9489 11.0326V10.1933C11.9489 9.65379 11.9489 9.10427 11.9489 8.56474C11.9489 8.19506 11.5888 7.95527 11.2587 8.08516Z\" fill=\"#e46211\"><\/path><\/svg><\/span><span class=\"ai-tools-label\">Escuchar<\/span><\/button><button type=\"button\" class=\"ai-tools-item\" aria-pressed=\"false\" aria-busy=\"true\" disabled id=\"ai-tool-keypoints\"><span class=\"ai-tools-icon\"><svg width=\"16\" height=\"16\" viewbox=\"0 0 16 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M5.99679 1H12.4609C13.0887 1 13.6 1.52731 13.6 2.17489V13.8251C13.6 14.4727 13.0887 15 12.4609 15H3.53913C2.91126 15 2.39999 14.4727 2.39999 13.8251V9.19802V4.57092L5.99679 1Z\" stroke=\"#e46211\" stroke-width=\"1.2\" stroke-miterlimit=\"10\"><\/path><path d=\"M2.39999 5.38502H6.94416V3.94555V1\" stroke=\"#e46211\" stroke-width=\"1.2\" stroke-miterlimit=\"10\"><\/path><path d=\"M10.491 12.2L5.50657 12.2C5.32834 12.2 5.2037 11.8667 5.20008 11.517C5.19587 11.1484 5.32111 10.8 5.50657 10.8L10.4813 10.8C10.6632 10.8 10.795 11.105 10.7998 11.4804C10.8047 11.8341 10.6842 12.2 10.491 12.2Z\" fill=\"#e46211\"><\/path><path d=\"M10.491 9.4L5.50657 9.4C5.32834 9.4 5.2037 9.0666 5.20008 8.71694C5.19587 8.34831 5.32111 8 5.50657 8L10.4813 8C10.6632 8 10.795 8.30494 10.7998 8.68035C10.8047 9.03408 10.6842 9.4 10.491 9.4Z\" fill=\"#e46211\"><\/path><\/svg><\/span><span class=\"ai-tools-label\">Puntos clave<\/span><\/button><button type=\"button\" class=\"ai-tools-item\" aria-pressed=\"false\" aria-busy=\"true\" disabled id=\"ai-tool-summary\"><span class=\"ai-tools-icon\"><svg width=\"16\" height=\"16\" viewbox=\"0 0 16 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M10.1798 2.50989H2.00488C1.45082 2.50989 0.999667 2.97515 0.999667 3.54653V13.8259C0.999667 14.3973 1.45082 14.8626 2.00488 14.8626H9.87772C10.4318 14.8626 10.8829 14.3973 10.8829 13.8259V9.74329V8.13118\" stroke=\"#e46211\" stroke-width=\"1.5\" stroke-miterlimit=\"10\"><\/path><path d=\"M10.1892 0.937134C10.6648 0.938475 11.1562 1.16366 11.4167 1.62561C11.55 1.86167 11.6275 2.09395 11.6863 2.31506C11.7155 2.42487 11.7409 2.53449 11.7654 2.63831C11.7901 2.74317 11.8143 2.84342 11.8425 2.94202C11.9524 3.32501 12.1244 3.68637 12.6199 4.0387C12.813 4.1759 13.0533 4.26585 13.323 4.34534C13.5791 4.42077 13.8884 4.49238 14.1492 4.58362C14.4177 4.6776 14.6844 4.80688 14.8826 5.02698C15.086 5.25292 15.1994 5.55472 15.2 5.95667C15.2005 6.36975 15.0629 6.67221 14.8289 6.89612C14.6041 7.11103 14.3039 7.24024 14.0056 7.34241C13.8552 7.39392 13.6973 7.44108 13.5447 7.48792C13.3904 7.53527 13.2391 7.5828 13.0935 7.63733C12.801 7.74696 12.5446 7.87952 12.3503 8.07385C12.0286 8.39622 11.9022 8.69439 11.8142 9.0094C11.7284 9.31674 11.669 9.70188 11.4919 10.0973C11.021 11.1507 9.52066 11.2437 8.96753 10.2555L8.91675 10.1569C8.78168 9.86581 8.70167 9.59099 8.63452 9.34045C8.56606 9.08502 8.51334 8.86637 8.43335 8.65979C8.3555 8.45883 8.25391 8.27717 8.09253 8.10901C7.93025 7.94001 7.69993 7.776 7.35522 7.62073H7.35425C7.21051 7.55596 7.0298 7.5073 6.82104 7.45471C6.61857 7.40371 6.39051 7.3487 6.17847 7.27405C5.75409 7.12455 5.32309 6.86818 5.22729 6.30334C5.147 5.82785 5.20205 5.46325 5.37769 5.1842C5.55162 4.90818 5.8236 4.74853 6.1062 4.63733C6.38303 4.52841 6.70997 4.45202 6.99292 4.36975C7.28806 4.28393 7.55375 4.18824 7.76538 4.03772L7.93726 3.90491C8.30541 3.59437 8.45094 3.27848 8.54761 2.94592C8.60838 2.73677 8.64117 2.55614 8.70288 2.32092C8.76088 2.09995 8.83661 1.86635 8.96655 1.62756L9.073 1.4635C9.34447 1.10658 9.7727 0.936014 10.1892 0.937134ZM10.1785 3.151C9.91182 3.94374 9.55711 4.56476 9.04956 5.04163C8.6241 5.44134 8.10162 5.72923 7.45972 5.93909C8.77264 6.36001 9.87121 7.38936 10.2097 8.74377C10.4707 7.9695 10.8197 7.33816 11.3201 6.85217C11.7453 6.43925 12.271 6.142 12.9216 5.94495C11.6239 5.4965 10.5274 4.50683 10.1785 3.151Z\" fill=\"#e46211\" stroke=\"var(--gray-10)\" stroke-width=\"0.4\"><\/path><\/svg><\/span><span class=\"ai-tools-label\">Resumen<\/span><\/button><\/div>\n<div class=\"visual__image image-initial-width\"><picture><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/CQ7542DXW5BOBAK4WYZ2Q2DI5E.JPG?auth=3d9cb3690715d030250f16f6299f86d1db71d99e3ef12edd5bddf298eb7b9a08&amp;smart=true&amp;width=992&amp;height=661&amp;quality=85\" media=\"(min-width: 1000px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/CQ7542DXW5BOBAK4WYZ2Q2DI5E.JPG?auth=3d9cb3690715d030250f16f6299f86d1db71d99e3ef12edd5bddf298eb7b9a08&amp;smart=true&amp;width=768&amp;height=512&amp;quality=85\" media=\"(min-width: 768px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/CQ7542DXW5BOBAK4WYZ2Q2DI5E.JPG?auth=3d9cb3690715d030250f16f6299f86d1db71d99e3ef12edd5bddf298eb7b9a08&amp;smart=true&amp;width=577&amp;height=385&amp;quality=85\" media=\"(min-width: 580px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/CQ7542DXW5BOBAK4WYZ2Q2DI5E.JPG?auth=3d9cb3690715d030250f16f6299f86d1db71d99e3ef12edd5bddf298eb7b9a08&amp;smart=true&amp;width=420&amp;height=280&amp;quality=85\" media=\"(min-width: 350px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/CQ7542DXW5BOBAK4WYZ2Q2DI5E.JPG?auth=3d9cb3690715d030250f16f6299f86d1db71d99e3ef12edd5bddf298eb7b9a08&amp;smart=true&amp;width=350&amp;height=233&amp;quality=85\" media=\"(min-width: 80px)\"><\/source><img alt=\"Un trader en el piso del New York Stock Exchange (NYSE) en Nueva York (REUTERS\/Jeenah Moon)\" class=\"global-image\" decoding=\"async\" fetchpriority=\"high\" height=\"3393\" loading=\"eager\" src=\"https:\/\/www.infobae.com\/resizer\/v2\/CQ7542DXW5BOBAK4WYZ2Q2DI5E.JPG?auth=3d9cb3690715d030250f16f6299f86d1db71d99e3ef12edd5bddf298eb7b9a08&amp;smart=true&amp;width=350&amp;height=233&amp;quality=85\" width=\"5090\"><\/picture><\/div>\n<div class=\"sharebar-container display_flex sharebar-new\" style=\"opacity:1\">\n<div class=\"share-bar-article-date-container \"><span class=\"sharebar-article-date\">29 Oct, 2026 01:21 a. m. EST<\/span><\/div>\n<div class=\"sharebar-buttons-container display_flex\">\n<div aria-label=\"Guardar\" class=\"sharebar-buttons button-save\" role=\"button\" tabindex=\"0\"><svg width=\"9\" height=\"12\" viewbox=\"0 0 8 10\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"saved-icon saved\"><path d=\"M6.64286 0.5V9.31687L4.1116 7.16407L4.11106 7.16361C3.79894 6.89891 3.34392 6.89891 3.03179 7.16361L3.03126 7.16407L0.5 9.31687V0.5H6.64286Z\"><\/path><\/svg><span class=\"buttons-save-text\">Guardar<\/span><\/div>\n<div class=\"sharebar-buttons-separator\"><\/div>\n<p><button class=\"sharemenu-buttons display_flex\" aria-label=\"Compartir en Telegram\"><svg width=\"38\" height=\"38\" viewbox=\"0 0 38 38\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" fill=\"white\"><\/rect><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" stroke=\"#C2C2C2\"><\/rect><path d=\"M24.9696 12.5511L10.3405 18.0494C10.0623 18.151 9.92701 18.4484 10.0398 18.7168C10.0999 18.8619 10.2277 18.9779 10.3856 19.0214L14.1068 20.0805L15.4975 24.3312C15.6028 24.6576 15.9636 24.839 16.2944 24.7374C16.3921 24.7084 16.4823 24.6504 16.5575 24.5778L18.482 22.6846L22.2558 25.354C22.6091 25.6006 23.0977 25.5281 23.3533 25.1872C23.421 25.1001 23.4661 24.9986 23.4887 24.897L25.9845 13.3707C26.0672 12.979 25.8116 12.5946 25.4056 12.5148C25.2628 12.4858 25.1124 12.5003 24.9771 12.5511M23.1429 15.1116L16.347 20.9147C16.2793 20.9727 16.2342 21.0525 16.2267 21.1395L15.9636 23.381C15.9636 23.4172 15.926 23.4462 15.8884 23.439C15.8583 23.439 15.8358 23.4172 15.8283 23.3955L14.7533 20.0442C14.7007 19.8919 14.7683 19.7251 14.9111 19.638L22.9399 14.836C23.0226 14.7852 23.1353 14.8142 23.1804 14.894C23.2255 14.9666 23.2105 15.0536 23.1504 15.1116\" fill=\"#555555\"><\/path><\/svg><\/button><button class=\"sharemenu-buttons display_flex\" aria-label=\"Compartir en Linkedin\"><svg width=\"38\" height=\"38\" viewbox=\"0 0 38 38\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" fill=\"white\"><\/rect><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" stroke=\"#C2C2C2\"><\/rect><path d=\"M16.5556 27V16.2231H19.963V17.6949C20.0185 17.6368 20.0648 17.5787 20.1111 17.5206C20.8611 16.349 22.2037 15.739 23.537 15.981C25.3889 16.1359 26.8426 17.7046 26.9259 19.6411C26.9722 20.0478 27 20.4641 27 20.8708C27 22.817 27 24.7633 27 26.7095V26.9806H23.5741V26.6805C23.5741 24.8892 23.5741 23.0882 23.5741 21.2969C23.5741 20.8805 23.5278 20.4545 23.4259 20.0478C23.1945 19.1279 22.2963 18.5663 21.4074 18.8084C21.2037 18.8665 21 18.9633 20.8333 19.0989C20.3333 19.4281 20.0185 19.9897 19.9907 20.6094C19.9722 21.1419 19.9722 21.6842 19.9722 22.2167V26.9903H16.5648L16.5556 27ZM11.2222 27V16.2037H11.7407C12.6204 16.2037 13.5 16.2037 14.3796 16.2037C14.5833 16.2037 14.6482 16.2328 14.6482 16.4748V26.9903H11.2222V27ZM11.0093 12.8825C11.0093 11.8465 11.8055 11.0041 12.787 11.0041C12.8426 11.0041 12.8982 11.0041 12.9537 11.0041C13.9445 10.9363 14.7963 11.7206 14.8611 12.7567C14.8611 12.7954 14.8611 12.8438 14.8611 12.8825C14.8426 13.9283 14.0278 14.761 13.0278 14.7416C12.9907 14.7416 12.9537 14.7416 12.9259 14.7416H12.9074C11.9259 14.8191 11.0741 14.0445 11 13.0181C11 12.9697 11 12.931 11 12.8825H11.0093Z\" fill=\"#555555\"><\/path><\/svg><\/button><button class=\"sharemenu-buttons display_flex\" aria-label=\"Compartir en Twitter\"><svg width=\"38\" height=\"38\" viewbox=\"0 0 38 38\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" fill=\"white\"><\/rect><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" stroke=\"#C2C2C2\"><\/rect><path d=\"M11.0391 11L17.2165 19.8249L11 27H12.399L17.8415 20.7182L22.2389 27H27L20.475 17.6786L26.2613 11H24.8623L19.85 16.7855L15.8001 11H11.0391ZM13.0965 12.101H15.2838L24.9423 25.8987H22.7551L13.0965 12.101Z\" fill=\"#555555\"><\/path><\/svg><\/button><button class=\"sharemenu-buttons display_flex\" aria-label=\"Compartir en Facebook\"><svg width=\"38\" height=\"38\" viewbox=\"0 0 38 38\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" fill=\"white\"><\/rect><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" stroke=\"#C2C2C2\"><\/rect><path d=\"M17.3544 26.9921V18.9235H15V16.3346H17.3544V16.0805C17.3544 15.3816 17.3291 14.6748 17.3882 13.976C17.3882 12.8642 18.0633 11.8556 19.1266 11.3712C19.5232 11.1965 19.9452 11.0853 20.3755 11.0376C21.2532 10.9741 22.1308 10.99 23 11.0932V13.4201H22.7722C22.2743 13.4201 21.7848 13.4201 21.2869 13.436C20.73 13.4042 20.2489 13.8013 20.2152 14.3254C20.2152 14.373 20.2152 14.4128 20.2152 14.4604C20.1983 15.0481 20.2152 15.6357 20.2152 16.2234C20.2152 16.2552 20.2152 16.2949 20.2321 16.3267H22.9409C22.8228 17.2082 22.7046 18.0579 22.5865 18.9315H20.2236V27H17.3629L17.3544 26.9921Z\" fill=\"#555555\"><\/path><\/svg><\/button><button class=\"sharemenu-buttons display_flex\" aria-label=\"Compartir en Whatsapp\"><svg width=\"38\" height=\"38\" viewbox=\"0 0 38 38\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" fill=\"white\"><\/rect><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" stroke=\"#C2C2C2\"><\/rect><path d=\"M21.2863 19.9439C21.0997 19.8551 20.9664 19.9262 20.8419 20.0861C20.6731 20.3261 20.4687 20.5483 20.2909 20.7794C20.1665 20.9393 20.0243 20.9749 19.8376 20.8949C18.6645 20.4239 17.7757 19.6506 17.1269 18.5841C17.0292 18.4242 17.038 18.2997 17.1536 18.1575C17.3225 17.9531 17.4824 17.7576 17.6157 17.5354C17.678 17.4287 17.7135 17.2599 17.678 17.1532C17.4735 16.6111 17.2425 16.0867 17.0114 15.5535C16.9669 15.4557 16.8781 15.3313 16.7892 15.3224C16.4248 15.2602 16.0426 15.1891 15.7316 15.4912C15.1094 16.0778 14.8784 16.7977 15.0383 17.6243C15.1805 18.3619 15.5983 18.9663 16.0426 19.5618C16.887 20.6638 17.8646 21.6237 19.1622 22.1925C19.7932 22.4769 20.4331 22.7613 21.1441 22.7613C21.2685 22.7613 21.393 22.7613 21.5085 22.7346C22.4506 22.5391 23.1172 22.0058 23.0816 21.0193C23.0816 20.9216 23.0194 20.7794 22.9483 20.7438C22.3973 20.4594 21.8462 20.2017 21.2863 19.9439Z\" fill=\"#555555\"><\/path><path d=\"M26.9482 17.8724C26.3972 13.4642 22.1401 10.3447 17.7229 11.1179C12.6481 11.9977 9.71521 17.2859 11.6883 21.9963C12.1948 22.6629 12.0615 23.3472 11.8216 24.0849C11.5105 25.027 11.2794 26.0046 11.0039 27C11.1194 26.9733 11.1994 26.9644 11.2794 26.9378C12.5059 26.6178 13.7324 26.3068 14.9411 25.9868C15.1544 25.9335 15.3144 25.9602 15.5099 26.0579C17.1719 26.8667 18.9227 27.0978 20.718 26.7067C24.833 25.7913 27.4548 22.0496 26.9305 17.8902L26.9482 17.8724ZM20.0515 25.4624C18.4784 25.7113 17.003 25.3913 15.6166 24.6003C15.5099 24.5381 15.3411 24.5115 15.2077 24.547C14.4612 24.7248 13.7146 24.9292 12.9147 25.1336C13.1192 24.3693 13.3058 23.6672 13.5102 22.9473C13.5635 22.7606 13.5369 22.6273 13.4391 22.4673C11.0039 18.5479 13.1014 13.5442 17.6163 12.5043C21.2868 11.6511 25.0285 14.1841 25.5884 17.908C26.1395 21.5519 23.6954 24.8936 20.0515 25.4624Z\" fill=\"#555555\"><\/path><\/svg><\/button><\/div>\n<\/div>\n<p class=\"paragraph\" data-paragraph-number=\"1\">A la vista parece una l\u00f3gica consecuencia de un resultado electoral no esperado. Pero no lo es. La ca\u00edda de los mercados brasile\u00f1os no es la que arrastra a los argentinos. Por caso, en la regi\u00f3n no hay damnificados. El \u00edndice que representa a Emergentes aument\u00f3 1,5%; o sea, subieron sus bolsas y se mantuvieron estables sus divisas.<\/p>\n<div class=\"marfeel-recommender marfeel-recommender-1\"><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"2\">El ETF de Brasil muestra una ca\u00edda de 2,1% por la baja de la <b>Bolsa de San Pablo<\/b> de 2,68% y porque el real no tuvo un gran sobresalto; se devalu\u00f3 apenas 0,12 por ciento.<\/p>\n<div class=\"inline ad-wrapper dfpAd ad-inline ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"inline\" data-ad-slot=\"infobae\/economia\/nota\/inline\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/inline\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/inline\" class=\"infobae\/economia\/nota\/inline arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/inline\"><\/div>\n<\/div>\n<p class=\"paragraph\" data-paragraph-number=\"3\">Entonces, c\u00f3mo se explica que el <b>Merval<\/b> de las acciones l\u00edderes perdi\u00f3 1,3% en pesos y 1,4% en d\u00f3lares, mientras el riesgo pa\u00eds se dispar\u00f3 10 unidades (+1,3%) a 763 puntos b\u00e1sicos debido a la baja de hasta 1,6% de los Globales, los bonos que m\u00e1s impactan en el \u00edndice porque fueron emitidos bajo ley extranjera.<\/p>\n<div class=\"marfeel-recommender marfeel-recommender-3\"><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"4\">La lectura es simple: aunque mejoren las cotizaciones en Brasil, los mercados locales seguir\u00e1n padeciendo el \u201cefecto Lula\u201d que implica que crecieron las chances de la oposici\u00f3n para las elecciones de 2027. La pol\u00edtica local es el pilar de la decadencia de bonos y acciones.<\/p>\n<div class=\"inline_2 ad-wrapper dfpAd ad-inline ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"inline_2\" data-ad-slot=\"infobae\/economia\/nota\/inline_2\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/inline_2\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/inline_2\" class=\"infobae\/economia\/nota\/inline_2 arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/inline_2\"><\/div>\n<\/div>\n<div id=\"fusion-static-enter:raw_html_raw_html5\" style=\"display:none\" data-fusion-component=\"raw_html_raw_html5\"><\/div>\n<div class=\"rawHTML raw_html \">\n<div class=\"infogram-embed\" data-id=\"601864bd-f60a-4077-b89a-2364c585f9cb\" data-type=\"interactive\" data-title=\"D\u00f3lar 2025 y bandas de flotaci\u00f3n\"><\/div>\n<p><script>!function(e,n,i,s){var d=\"InfogramEmbeds\";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/script><\/div>\n<div id=\"fusion-static-exit:raw_html_raw_html5\" style=\"display:none\" data-fusion-component=\"raw_html_raw_html5\"><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"5\">Adem\u00e1s, hubo otro motivo trascendente en el escenario internacional que debi\u00f3 haber repercutido a favor en la Argentina y no lo hizo. La <b>Reserva Federal<\/b> mantuvo sin cambios la tasa de inter\u00e9s y los bonos del Tesoro norteamericano se mantienen estables con su tasa de retorno en 5%. El petr\u00f3leo con sus alzas y bajas se mantiene en el rango de los USD 110. En cualquier dato que se busque no hay un motivo para la ca\u00edda de los mercados locales. <b>La \u00fanica explicaci\u00f3n es que la pol\u00edtica interna es un factor m\u00e1s poderoso que el escenario internacional.<\/b><\/p>\n<div class=\"marfeel-recommender marfeel-recommender-5\"><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"6\">En otras circunstancias, el contagio de Brasil hubiera sido algo puntual con p\u00e9rdidas para quienes apostaron a que <b>Flavio Bolsonaro<\/b> ser\u00eda presidente y deber\u00eda haber durado 48 horas.<\/p>\n<div class=\"ad_1 ad-wrapper dfpAd ad-1-al-6 ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"ad_1\" data-ad-slot=\"infobae\/economia\/nota\/ad_1\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/ad_1\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/ad_1\" class=\"infobae\/economia\/nota\/ad_1 arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/ad_1\"><\/div>\n<\/div>\n<div id=\"fusion-static-enter:raw_html_raw_html8\" style=\"display:none\" data-fusion-component=\"raw_html_raw_html8\"><\/div>\n<div class=\"rawHTML raw_html \">\n<div class=\"infogram-embed\" data-id=\"bf913435-3982-439f-88a1-959711b5e430\" data-type=\"interactive\" data-title=\"Riesgo Pa\u00eds 2024\"><\/div>\n<p><script>!function(e,n,i,s){var d=\"InfogramEmbeds\";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/script><\/div>\n<div id=\"fusion-static-exit:raw_html_raw_html8\" style=\"display:none\" data-fusion-component=\"raw_html_raw_html8\"><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"7\"><b>Mills Capital<\/b> identific\u00f3 cuatro factores que mantienen elevado al riesgo pa\u00eds: <\/p>\n<ul data-icon=\"\u2b24\" class=\"list\">\n<li data-icon=\"\u2b24\"><span><b>El financiamiento en d\u00f3lares y el seguimiento del programa financiero 2026:<\/b> la suba de las tasas de los bonos del Tesoro estadounidense encarece el acceso al mercado internacional, mientras que el rendimiento que exige el mercado por el AO29 tambi\u00e9n dificulta completar el financiamiento local. El programa contemplaba conseguir unos USD 5.000 millones en el exterior y completar el resto con colocaciones internas, pero ambas alternativas siguen siendo costosas. Esto deja abierto el interrogante sobre c\u00f3mo se cubrir\u00e1n los pr\u00f3ximos compromisos. En ese contexto, se anunci\u00f3 que buscar\u00eda utilizar el <i>swap <\/i>con China que hab\u00eda sido renovado hasta 2028 y que asciende a un monto de aproximadamente USD 19.000 millones. De ese total, el tramo activado y de disponibilidad inmediata (sin necesidad de aprobaci\u00f3n adicional de China) equivale a USD 5.000 millones.<\/span><\/li>\n<li data-icon=\"\u2b24\"><span><b>La incertidumbre sobre el respaldo financiero de Estados Unidos.<\/b> El apoyo de <b>Scott Bessent<\/b>, secretario del Tesoro, fue clave para darle aire financiero al Gobierno en 2025, pero hacia adelante no est\u00e1 garantizado que pueda repetirse en las mismas condiciones. <\/span><\/li>\n<li data-icon=\"\u2b24\"><span><b>Falta de una recuperaci\u00f3n generalizada de la actividad econ\u00f3mica.<\/b> La discusi\u00f3n es si la econom\u00eda avanza a dos velocidades, con los sectores m\u00e1s din\u00e1micos impulsando gradualmente al resto, o si evoluciona en dos direcciones distintas, con los sectores rezagados debilit\u00e1ndose y terminando por afectar tambi\u00e9n a los que hoy crecen. Esta din\u00e1mica no solo incide sobre las perspectivas econ\u00f3micas, sino tambi\u00e9n sobre las expectativas pol\u00edticas de cara a las pr\u00f3ximas elecciones.<\/span><\/li>\n<li data-icon=\"\u2b24\"><span><b>El contagio de Brasil, que puede generar volatilidad adicional en los activos argentinos, aunque su impacto podr\u00eda ser transitorio. <\/b>La compra de reservas es positiva, pero por s\u00ed sola no resuelve estas dudas sobre el financiamiento, el respaldo externo y la recuperaci\u00f3n de la econom\u00eda.<\/span><\/li>\n<\/ul>\n<div class=\"visual__image\"><picture><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/6P4ODDSLMNBJFM6E47SEP36BJU.JPG?auth=a06c6547d8d89b87ce26dae6e4ff6e73f012d9a3c8c6e41030d1716670a1deed&amp;smart=true&amp;width=992&amp;height=661&amp;quality=85\" media=\"(min-width: 1000px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/6P4ODDSLMNBJFM6E47SEP36BJU.JPG?auth=a06c6547d8d89b87ce26dae6e4ff6e73f012d9a3c8c6e41030d1716670a1deed&amp;smart=true&amp;width=768&amp;height=512&amp;quality=85\" media=\"(min-width: 768px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/6P4ODDSLMNBJFM6E47SEP36BJU.JPG?auth=a06c6547d8d89b87ce26dae6e4ff6e73f012d9a3c8c6e41030d1716670a1deed&amp;smart=true&amp;width=577&amp;height=385&amp;quality=85\" media=\"(min-width: 580px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/6P4ODDSLMNBJFM6E47SEP36BJU.JPG?auth=a06c6547d8d89b87ce26dae6e4ff6e73f012d9a3c8c6e41030d1716670a1deed&amp;smart=true&amp;width=420&amp;height=280&amp;quality=85\" media=\"(min-width: 350px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/6P4ODDSLMNBJFM6E47SEP36BJU.JPG?auth=a06c6547d8d89b87ce26dae6e4ff6e73f012d9a3c8c6e41030d1716670a1deed&amp;smart=true&amp;width=350&amp;height=233&amp;quality=85\" media=\"(min-width: 80px)\"><\/source><img alt=\"Scott Bessent, secretario del Tesoro de EEUU (REUTERS\/Kylie Cooper\/File Photo)\" class=\"global-image\" decoding=\"async\" fetchpriority=\"low\" height=\"3377\" loading=\"lazy\" src=\"https:\/\/www.infobae.com\/resizer\/v2\/6P4ODDSLMNBJFM6E47SEP36BJU.JPG?auth=a06c6547d8d89b87ce26dae6e4ff6e73f012d9a3c8c6e41030d1716670a1deed&amp;smart=true&amp;width=350&amp;height=233&amp;quality=85\" width=\"5065\"><\/picture><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"8\">El otro dato que explica el origen pol\u00edtico del mal momento es el d\u00f3lar. La Argentina tiene d\u00f3lares para pagar la deuda el a\u00f1o pr\u00f3ximo, pero esa preocupaci\u00f3n qued\u00f3 reducida a la m\u00ednima expresi\u00f3n porque los inversores miran m\u00e1s all\u00e1 de octubre de 2027.<\/p>\n<p class=\"paragraph\" data-paragraph-number=\"9\">Por eso, ayer fue la tercera rueda consecutiva donde el <b>Banco Central<\/b> no compr\u00f3 d\u00f3lares en el <b>Mercado Libre de Cambios<\/b> (MLC). All\u00ed se operaron USD 628 millones y el d\u00f3lar mayorista aument\u00f3 $4 a $1.542, un valor r\u00e9cord.<\/p>\n<p class=\"paragraph\" data-paragraph-number=\"10\">Seg\u00fan la consultora <b>F2,<\/b> que dirige <b>Andr\u00e9s Reschini<\/b>, el tipo de cambio de referencia Com. A 3500 termin\u00f3 en $1.538,47 lo que indica que buena parte del volumen se negoci\u00f3 por debajo del cierre. \u201cAs\u00ed y todo, el BCRA no intervino en la rueda cambiaria extendiendo su racha sin compras a 3 jornadas y es el mayor per\u00edodo sin compras desde el inicio de la fase de re monetizaci\u00f3n en enero\u201d, destac\u00f3 F2. <\/p>\n<div class=\"ad_2 ad-wrapper dfpAd ad-1-al-6 ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"ad_2\" data-ad-slot=\"infobae\/economia\/nota\/ad_2\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/ad_2\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/ad_2\" class=\"infobae\/economia\/nota\/ad_2 arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/ad_2\"><\/div>\n<\/div>\n<p class=\"paragraph\" data-paragraph-number=\"11\">Adem\u00e1s, agreg\u00f3: <\/p>\n<ul data-icon=\"\u2b24\" class=\"list\">\n<li data-icon=\"\u2b24\"><span>En futuros el volumen de operaciones se contrajo a 1.843.235 contratos con un desarme neto de USD 52,3 millones en el inter\u00e9s abierto. <\/span><\/li>\n<li data-icon=\"\u2b24\"><span>En bonos dollar linked en BYMA, t+1 el volumen de operaciones fue de 105 millones, un registro que es relativamente bajo, aunque en la licitaci\u00f3n de deuda del d\u00eda de la fecha el Tesoro adjudic\u00f3 ofertas en la letra D15E7 (vencimiento 15 de enero) por $1.666 millones, instrumento que concentr\u00f3 el 22% del valor efectivo adjudicado. <\/span><\/li>\n<li data-icon=\"\u2b24\"><span>La volatilidad de Brasil sigue afectando a los mercados locales mientras el mercado no encuentra demasiados argumentos en el frente interno para un despegue sostenido.<\/span><\/li>\n<\/ul>\n<div id=\"fusion-static-enter:raw_html_raw_html17\" style=\"display:none\" data-fusion-component=\"raw_html_raw_html17\"><\/div>\n<div class=\"rawHTML raw_html \">\n<div class=\"infogram-embed\" data-id=\"a8d1fcae-734f-462e-9a54-0fbb92651e11\" data-type=\"interactive\" data-title=\"Reservas 2019\"><\/div>\n<p><script>!function(e,n,i,s){var d=\"InfogramEmbeds\";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/script><\/div>\n<div id=\"fusion-static-exit:raw_html_raw_html17\" style=\"display:none\" data-fusion-component=\"raw_html_raw_html17\"><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"12\">En la licitaci\u00f3n del Tesoro se ofrecieron $15,8 millones de los cuales se aceptaron $11,56 billones para cubrir vencimientos por $10,5 billones. La cifra captada representa una renovaci\u00f3n de 106,33% de la deuda.<\/p>\n<p class=\"paragraph\" data-paragraph-number=\"13\">La LECAP a tasa fija no llam\u00f3 la atenci\u00f3n de los participantes y capt\u00f3 $2,08 billones, el 18% de lo ofrecido. Un dato que es un llamado de atenci\u00f3n sobre el momento que vive la Argentina es que <b>los bonos m\u00e1s solicitados fueron un dual a 2028, y el dollar-linked, que vence en la mitad de enero, con el monto en d\u00f3lares m\u00e1s alto de las \u00faltimas cuatro licitaciones.<\/b><\/p>\n<div class=\"ad_3 ad-wrapper dfpAd ad-1-al-6 ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"ad_3\" data-ad-slot=\"infobae\/economia\/nota\/ad_3\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/ad_3\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/ad_3\" class=\"infobae\/economia\/nota\/ad_3 arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/ad_3\"><\/div>\n<\/div>\n<p class=\"paragraph\" data-paragraph-number=\"14\">Seg\u00fan el analista financiero <b>Nau Bernues<\/b> el que tiene pesos conf\u00eda en quedarse en pesos, lo que no quiere es adivinar d\u00f3nde van a estar la tasa o el d\u00f3lar en febrero. \u201cPrefiere que el bono haga ese trabajo por \u00e9l. Ahora, el Tesoro tambi\u00e9n eligi\u00f3. Del dual a 2028 tom\u00f3 el 92% de lo que le ofrecieron, y de la LECAP a febrero, el 55%. Pudiendo colocar m\u00e1s tasa fija corta, prefiri\u00f3 estirar plazo y atar lo que paga a la inflaci\u00f3n o a la tasa\u201d, asegur\u00f3.<\/p>\n<p class=\"paragraph\" data-paragraph-number=\"15\">Bernues agreg\u00f3 que \u201cla tasa fija que ves en pantalla no tiene al Tesoro empuj\u00e1ndola hacia arriba, porque prefiri\u00f3 colocar menos antes que pagar m\u00e1s. Tambi\u00e9n, que esta vez el men\u00fa se inclin\u00f3 hacia los bonos que se ajustan, porque es lo que pidieron los que tienen pesos y lo que eligi\u00f3 el que los toma\u201d.<\/p>\n<div class=\"ad_4 ad-wrapper dfpAd ad-1-al-6 ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"ad_4\" data-ad-slot=\"infobae\/economia\/nota\/ad_4\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/ad_4\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/ad_4\" class=\"infobae\/economia\/nota\/ad_4 arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/ad_4\"><\/div>\n<\/div>\n<p class=\"paragraph\" data-paragraph-number=\"16\">En tanto, anoche en el <i>overnight<\/i>, las <b>Bolsas de Nueva York<\/b> operaban con toma de ganancias. Los inversores temen que, si bien no hubo un alza de tasas, va a ser inevitable que suceda antes de fin de a\u00f1o y va a afectar a las empresas relacionadas con la <b>Inteligencia Artificial<\/b> que son grandes demandantes de cr\u00e9dito.<\/p>\n<p class=\"paragraph\" data-paragraph-number=\"17\">El petr\u00f3leo operaba con bajas cercanas a 1% y el Brent cotizaba a USD 110,67. El oro aumentaba 0,20% y el d\u00f3lar se fortalec\u00eda 0,09 por ciento.<\/p>\n<p class=\"paragraph\" data-paragraph-number=\"18\">De todas maneras, se prev\u00e9 que hoy la Argentina siga complicada por las dudas de los inversores.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EscucharPuntos claveResumen 29 Oct, 2026 01:21 a. m. EST Guardar A la vista parece una l\u00f3gica consecuencia de un resultado electoral no esperado. Pero no lo es. La ca\u00edda de los mercados brasile\u00f1os no es la que arrastra a los argentinos. Por caso, en la regi\u00f3n no hay damnificados. El \u00edndice que representa a Emergentes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":32419,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-32418","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/posts\/32418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32418"}],"version-history":[{"count":0,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/posts\/32418\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/media\/32419"}],"wp:attachment":[{"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}