TVPP TVPA TVPY Cupones Vinculados al PBI

[martin]

Me encanta que el promedio de reuters de 4,4% ya que si viene un nùmero superior a esa promedio tendrìa que impactar favorablemente en los inversores que tienen en cuenta las estimaciones de reuters.
Me hubiese preocupado si la estimaciòn les daba arriba de 5%.

[numaluk]

Adentrooooo....

12.01 promedio .. soy trader o no?

Bien Ariel, que timming !!

[Arucho]

Alguien alguna info salada? no puedo comer sal en el trabajo.

[Arucho]

Adentrooooo....

12.01 promedio .. soy trader o no?

[Pascua]

Que paso? Me estaba tomando una caipirinha y de repente se fue al cielo la gadorcha esta..

[ElNegro]

Feliz Cumple!!!! Dario!!

[alicho]

DARIO.
anoche tarde estabas de guardia, no aflojas ni el dia de tu cumpleaños...

[martin]

Con el precio de cierre de ayer del tvpp en dolares los muchachos con residencia en el exterior recuperan el 100% a fin de año. Para mì eso marca la irracionalidad de esto dado que es un precio ridìculo.
Lo bueno es que tal vez con el precio en dolares ayer tuvimos un piso.....

[alicho]

feliz cumple dario, un abrazo !!!

[Kubrick]

Where is the value post YPF
Since Argentine assets all fell sharply in the last month, we interpret relative drops since 21 March and identify what we consider dislocations (should correct) and relocations (should remain or continue). See economist Marcos Buscaglia's 13 April Macro Viewpoint and his 16 April Macro Watch for insightful analysis of the fundamentals behind the decline.

Warrants downside now limited due to high dividend
US$ warrants have dropped so much that the 15 December 2012 dividend payment is more than 50% of the price (Chart 1) and the tail (future cash flows after Dec 2012) is getting quite small, surpassing the lowest level post credit crisis reached in 2010. Even though we expect GDP growth to be below the threshold for a 2013 payment, and perhaps 2014 and 2015, the tail beyond that does have some value and is priced now below the February 2010 low, when no payment was expected. If growth exceeds the threshold in subsequent years (slightly above 3%), the payment would be more than US$6 because the cumulative GDP is so large.

USD Warrant ($10.85 mid) - Dec pymt ($6.29) = Tail ($4.56), Low $5.6 on Feb 2010
EUR Warrant (€9.80 mid) - Dec pymt (€6.06) = Tail (€3.74), Low €4.5 on Feb 2010

Short maturity Bodens and Bonars overshot
Boden '15s have underperformed on technical hedge fund selling, but short maturity Bodens and Bonars with good carry should be less affected, with the government focused on short-term solutions; Pars and Discounts should be more adversely affected because the long-run prospects have been damaged. We think the Discounts and Pars continue to be most at risk. Boden '12s mature on 4 August 2012 and offer an attractive 7.3% yield for what we think is a minimally risky substitute for cash. The Boden '13s pay half in two weeks and the other half on 30 April 2013, a one-year instrument that bears even less risk than before, in our view.

Price volatility indicators - Pars vs Discounts
Global 17s, USD Pars, EUR Pars and EUR Discos were punished more than USD Discos. We suggest selling Discos to shorten or buying Pars against them. EUR warrants are less attractive, declining less vs volatility. In our price volatility view, a stable decline would be one in which the percent price change of each asset proportional to its 1y volatility is constant for all assets, including warrants (Chart 1).

Short bonds more attractive for long only investors
Spread volatility shows the short end CDS has been more volatile than bonds and the basis has declined significantly. In our spread volatility view (Chart 2), stable spread widening would be one in which the change in Z-spread is proportional to its 1y volatility for all assets, including CDS. Chart 2 shows Global 17s widened excessively and are attractive.

informe de merryl , lo ven barato aunque no pague el año q viene

[Juan Q]

Ciru: ya preparaste la trilladora?

Soja ( +): Los valores de la oleaginosa se verían impulsados a la suba debido a los datos publicados por el USDA en su nuevo informe semanal de exportaciones estadounidenses, donde se pueden observar importantes ventas externas de poroto provenientes del país del norte, las cuales se posicionaron por encima de las expectativas del mercado. Además, se destaca la activa participación de China adquiriendo alrededor del 65% de toda la mercadería exportada por los EEUU durante la semana de referencia.

Fuente: fyo.com

[2000pele]

Parece de josef se entero del emae como viene y salio a comprar lo que lanzo antes que se le escape a 13.-