TVPP TVPA TVPY Cupones Vinculados al PBI

[Mr_Baca]

adentro 14,05.

¿ tenes cash aun ? ¿ o usando credito ?

[martin]

Hoy dan el Emae de Septiembre. Dato a tener en cuenta.

[URUNACHO]

es joda?? ponen y sacan en 14.05!!!

[bullbear]

Pusieron 5M y levantaron 4 M , fue un error de carga ?

[Mr_Baca]

Si le subieron la nota...

DJ 2nd UPDATE: S&P Raises Brazil Sovereign Rating To Triple-B
17-Nov-2011
--Brazil continues commitment to prudent fiscal policies
--Flexibility should assure modest but sustained growth
--Government sees upgrade as recognition of policy success
(Adds government, economist comments in the third, seventh and 10th paragraphs.)

Of DOW JONES NEWSWIRES
SAO PAULO (Dow Jones)--Citing Brazil's commitment to sound fiscal policies and prospects for continued growth despite a global slowdown, Standard & Poor's on Thursday raised Brazil's long-term sovereign rating to triple-B from triple-B-minus, with a stable outlook.
In a statement, S&P said, "The Rousseff administration of Brazil has demonstrated its commitment to meeting fiscal targets, thereby enlarging the scope for using monetary tools to influence the domestic economy."
In its own statement, the Brazilian Finance Ministry said the action by S&P was "a recognition that Brazilian economic policies are going in the right direction and that economic fundamentals are sound." The statement noted that Brazil was receiving an upgrade "while other countries are seeing their ratings reduced."
Brazilian fiscal policy is based on establishment, and implementation, of targets for the public sector's primary budget surplus. President Dilma Rousseff has set this year's target as a primary surplus equal to 3.2% of gross domestic product. Budget performance so far this year has been in compliance with the target.
Meeting the fiscal targets has encouraged Brazil's central bank to begin a policy of monetary loosening in order to protect economic growth. Since August, the central bank has cut its Selic base interest rate twice. The rate is now 11.5%, down from its recent peak of 12.5%. More rate cuts are expected.
According to S&P, Brazil's government has demonstrated "policy flexibility" while, at the same time, maintaining "its commitment to economic stability."
Ilan Goldfajn, chief economist at Itau Unibanco Holding SA (ITUB, ITUB4.BR), Brazil's largest private bank, said it was precisely the Brazilian Central Bank's decision to begin cutting interest rates in 2011 that will assure "sustainable growth in 2012." Brazilian policy makers, he said, "are ahead of the curve." Goldfajn predicted 3.0% economic growth this year, rising to 3.5% in 2012.
S&P also cited "the country's growing economic resilience."
According to S&P, the combination of prudent economic policies and continued growth means Brazil will be able to "moderate the impact of potential external shocks and sustain long-term growth prospects."
Bruno Amaral, an economist at the Brazilian Capital Markets Association, said most investors were expecting an S&P upgrade. "There will be no immediate impact on investment patterns," he said. "However, for the long term, it's one more piece of news that Brazil is navigating successfully through the global turbulence."
Among other ratings companies, Fitch also rates Brazil triple-B, with a stable outlook, while Moody's Investors Service rates Brazil Baa2, with a positive rating.

[Lucio]

Normalmente los leo en silencio, porque siendo nuevo en esto tengo mucho más para leer que para escribir. Pero hoy con un poquito más de tiempo, y analizando el comportamiento del cupón de este año, me surgió el siguiente planteo que me gustaría compartir:

Según mi apreciación, el cupón se comportó en forma ascendente durante prácticamente todo el 2010, pero durante el 2011, la volatilidad lo tuvo lateral -por lo menos- hasta ahora.

Viéndolo con el diario de hoy, claramente quienes estaban comprados en abril 2011 (me incluyo) pudieron haber vendido (hacer unos $ en otro instrumento) y entrar ahora para seguir posicionados en el mismo activo (con la esperanza de que el corte disparará una suba).

Viendo los análisis de escenarios que plantean para 2012, posibilidad de pago o no pago, con y sin caución, Cómo ven el timing para 2012 y/o cómo creen que se comportará el cupón?

Ven como mejor alternativa salir después de la eventual subida post-corte y esperar a volver a entrar con algún bajón producto del ruido externo/interno que parece va a durar bastante, o quedarse sentado en el cupón todo el año incluso en algún escenario caucionado?

Slds

[AMB]

Parece que comienza la oferta ...

[Alfredo 2011]

Sr. APOLO

Simplificando y pensando.............


Brillante lo suyo, gracias por campartirlo. SALUDOS

[atrevido]

Ademas, esto de saber de antemano si el crecimiento 2012 habilita o no el pago es IMPOSIBLE.

En mi entender, la puesta es estando adentro,
primero por los 9 pesos que ya se que recibo..
y segundo..porque si baja este 20120....obvio me los sigo quedando para cobrar y seguir con los nominales a futuro..

y si sube,

si sube el crec 2012 es
FIESTA!!!

[Mr_Baca]

DJ Brazil Government Frees BRL12B From 2011 Budget For Spending
18-Nov-2011
BRASILIA (Dow Jones)--Brazil's government will free 12.15 billion Brazilian reais ($7.18 billion) in frozen 2011 budget funds for year-end spending, the country's planning ministry said Friday.
The government at the outset of 2011 froze BRL50 billion in budget resources as part of its effort to assure compliance with its annual budget savings target.
The government has pledged to save BRL128 billion, or the equivalent of about 3.1% of gross domestic product this year, to help pay down public sector debt.
In addition to freeing up budget resources, the planning ministry on Friday revised projections for budget parameters in 2011. According to the budget review, the government's projection for 2011 economic growth was cut to 3.8% from 4.5% previously, while its projection for the IPCA consumer price index was raised to 6.4% from 5.8% previously.