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Reporte Diario- 02 de julio de 2018
Reporte Diario
02 de julio de 2018
Reporte Diario- 02 de julio de 2018
Balanz Capital - Fondos Comunes de Inversión
FCI Last PriceDaily Var.
(%)MoM Var. (%) YoY Var. (%) YTD (%)
Var. 2017
(%)
Var. 2016
(%)
Var. 2015
(%)
Var. 2014
(%)
Var. 2013
(%)
Balanz Capital - Ahorro
Ahorro FCI Clase A 3.730987 0.30% 2.53% 27.79% 12.72% 26.13% 34.16% 28.67% 27.29% 19.43%
Ahorro FCI Clase B 3.648328 0.31% 2.59% 28.36% 13.08% 25.92% 33.36% 27.90% 26.52% 18.73%
Balanz Capital - Renta Fija (Corporate Debt)
Renta Fija FCI Clase A 5.481835 0.44% 2.91% 22.95% 14.37% 18.33% 32.18% 32.02% 27.08% 42.35%
Renta Fija FCI Clase B 5.658727 0.45% 2.98% 23.88% 14.80% 19.22% 33.17% 33.01% 27.79% 42.35%
Balanz Capital - Invertir Global
Invertir Global FCI Clase A 7.786824 0.33% -0.91% 19.91% 5.77% 26.86% 36.57% 47.10% 38.84% 39.83%
Invertir Global FCI Clase B 7.894080 0.33% -0.89% 20.21% 5.89% 27.17% 36.91% 47.42% 39.13% 39.88%
Balanz Capital - Renta Fija Plus (Sub-Sovereign)
Renta Fija Plus FCI Clase A 1.660007 0.34% 0.82% 22.15% 9.12% 24.59% - - - -
Renta Fija Plus FCI Clase B 1.661612 0.35% 0.93% 21.83% 9.80% 24.55% - - - -
Balanz Capital - Renta Mixta
Renta Mixta FCI Clase A 1.495472 0.28% 0.47% 21.22% 8.60% 23.95% - - - -
Renta Mixta FCI Clase B 1.483309 0.28% 0.43% 20.88% 8.33% 23.33% - - - -
Balanz Capital - Acciones Argentinas
Acciones Argentinas FCI Clase A 1.883283 -3.07% -11.60% 27.95% -11.12% 77.13% - - - -
Acciones Argentinas FCI Clase B 1.857550 -3.07% -11.64% 27.28% -11.34% 75.78% - - - -
Balanz Capital - Renta Fija en Dólares
Renta Fija en Dólares FCI Clase A 0.992458 -0.11% -1.41% 1.62% -1.95% - - - - -
Renta Fija en Dólares FCI Clase B 0.992996 -0.11% -1.39% 1.83% -1.86% - - - - -
Balanz Capital - Ahorro en Dólares
Ahorro En Dólares FCI Clase B 1.017492 0.03% 0.34% - 1.20% -
Ahorro En Dólares FCI Clase C 1.017818 0.03% 0.35% - 1.23% -
Balanz Capital - Sudamericano en Dólares
Sudamericano En Dólares Clase A 0.935852 -0.49% -3.64% - -7.50%
Reporte Diario- 02 de julio de 2018
1.50
2.50
3.50
4.50
5.50
6.50
7.50
8.50
9.50
jul-
16
ago
-16
sep
-16
oct
-16
no
v-1
6
dic
-16
en
e-1
7
feb
-17
ma
r-1
7
ab
r-1
7
ma
y-1
7
jun
-17
jul-
17
ago
-17
sep
-17
oct
-17
no
v-1
7
dic
-17
en
e-1
8
feb
-18
ma
r-1
8
ab
r-1
8
ma
y-1
8
jun
-18
Balanz Invertir Global
1.60
2.10
2.60
3.10
3.60
4.10
4.60
5.10
5.60
6.10
jul-
16
ag
o-1
6
sep
-16
oct
-16
no
v-1
6
dic
-16
en
e-1
7
feb
-17
mar
-17
abr-
17
may
-17
jun
-17
jul-
17
ag
o-1
7
sep
-17
oct
-17
no
v-1
7
dic
-17
en
e-1
8
feb
-18
mar
-18
abr-
18
may
-18
jun
-18
Balanz Renta Fija - Deuda Corporativa
1.00
1.50
2.00
2.50
3.00
3.50
4.00
jul-
16
ago
-16
sep
-16
oct
-16
no
v-1
6
dic
-16
en
e-1
7
feb
-17
ma
r-1
7
ab
r-1
7
ma
y-1
7
jun
-17
jul-
17
ago
-17
sep
-17
oct
-17
no
v-1
7
dic
-17
en
e-1
8
feb
-18
ma
r-1
8
ab
r-1
8
ma
y-1
8
jun
-18
Balanz Ahorro
1.00
1.10
1.20
1.30
1.40
1.50
1.60
1.70
jul-
16
ago
-16
sep
-16
oct
-16
no
v-1
6
dic
-16
en
e-1
7
feb
-17
ma
r-1
7
ab
r-1
7
ma
y-1
7
jun
-17
jul-
17
ago
-17
sep
-17
oct
-17
no
v-1
7
dic
-17
en
e-1
8
feb
-18
ma
r-1
8
ab
r-1
8
ma
y-1
8
jun
-18
Balanz Renta Fija Plus - Subsoberano
1.00
1.20
1.40
1.60
1.80
2.00
2.20
2.40
2.60
en
e-1
7
feb
-17
ma
r-1
7
ab
r-1
7
ma
y-1
7
jun
-17
jul-
17
ago
-17
sep
-17
oct
-17
no
v-1
7
dic
-17
en
e-1
8
feb
-18
ma
r-1
8
ab
r-1
8
ma
y-1
8
jun
-18
Balanz Acciones Argentina
1.03
1.04
1.04
1.05
1.05
1.06
1.06
1.07
1.07
1.08
1.08
no
v-1
7
dic
-17
en
e-1
8
feb
-18
ma
r-1
8
ab
r-1
8
ma
y-1
8
jun
-18
Renta Fija En Dólares
Balanz Capital - Fondos Comunes de Inversión
0.998
1.000
1.002
1.004
1.006
1.008
1.010
1.012
1.014
1.016
1.018
1.020
dic
-17
en
e-1
8
feb
-18
ma
r-1
8
ab
r-1
8
ma
y-1
8
jun
-18
Ahorro En Dólares
0.90
0.92
0.94
0.96
0.98
1.00
1.02
ab
r-1
8
ma
y-1
8
jun
-18
Sudamericano En Dólares
Reporte Diario- 02 de julio de 2018
Monitor Mercados
1.5
2.0
2.5
3.0
3.5
0 5 10 15 20 25 30
(%)
Años
Curva de Rendimiento del Tesoro EEUU
4000
9000
14000
19000
24000
29000
34000
39000
jul-
16
ago-
16
sep
-16
oct-
16
nov
-16
dic
-16
ene-
17
feb
-17
mar
-17
abr-
17
may
-17
jun
-17
jul-
17
ago-
17
sep
-17
oct-
17
nov
-17
dic
-17
ene-
18
feb
-18
mar
-18
abr-
18
may
-18
jun
-18
Merval Argentina
1700.0
1900.0
2100.0
2300.0
2500.0
2700.0
2900.0
3100.0
jul-
16
ago-
16
sep
-16
oct-
16
nov
-16
dic
-16
ene-
17
feb
-17
mar
-17
abr-
17
may
-17
jun
-17
jul-
17
ago-
17
sep
-17
oct-
17
nov
-17
dic
-17
ene-
18
feb
-18
mar
-18
abr-
18
may
-18
jun
-18
S&P 500
YTM (%) Var 1D (bps) MTD (bps) Var 1M (bps) Var 1Y (bps) YTD (bps)
1m 1.76 +2.02 +2.02 +4.31 +92.67 +53.84
3m 1.91 -0.01 -0.01 +0.76 +90.09 +53.65
6m 2.12 +1.03 +1.03 +2.84 +98.36 +58.82
1y 2.31 -0.01 -0.01 +5.50 +108.43 +58.02
2y 2.52 -1.21 -1.21 +4.45 +113.44 +63.31
3y 2.61 -1.66 -1.66 +0.56 +105.93 +63.47
5y 2.71 -2.53 -2.53 -3.58 +82.41 +50.61
7y 2.79 -2.73 -2.73 -6.31 +65.43 +46.18
10y 2.83 -2.73 -2.73 -6.94 +52.91 +42.74
30y 2.97 -1.87 -1.87 -8.03 +13.55 +23.04
US Treasury Yields
EUA
S&P 500 2718.37 0.08% -0.59% 1.67%
NASDAQ 7510.30 0.09% -0.58% 8.79%
DOW JONES 24271.41 0.23% -1.48% -1.81%
EUROPA
FTSE 100 7578.5 -0.77% -1.60% -1.42%
EUROSTOXX 50 3374.48 -0.62% -2.29% -3.70%
DAX 12250.46 -0.45% -3.72% -5.16%
CAC 40 5281.84 -0.78% -3.36% -0.58%
ASIA
JAPÓN 21811.93 -2.21% -1.62% -4.19%
CHINA 2775.56 -2.52% -9.74% -16.07%
LATAM
BRASIL 72762.51 1.39% -5.80% -4.76%
MEXICO 47663.2 1.34% 5.89% -3.43%
CHILE 5301.251 -1.78% -3.11% -4.73%
MERVAL 26037.01 -2.81% -8.44% -13.40%
PETROLEO WTI 73.78 -0.50% 12.18% 24.17%
BRENT 78.27 -1.21% 1.93% 17.05%
GAS NATURAL 2.89 -1.16% -2.43% -2.13%
COBRE 294.00 -0.37% -5.12% -10.92%
ORO 1250.11 -0.20% -3.24% -4.04%
PLATA 15.97 -0.89% -2.68% -5.69%
SOJA 315.50 0.03% -15.91% -9.77%
TRIGO 186.36 1.20% -6.20% 8.91%
MAIZ 146.06 -0.07% -9.90% -3.39%
Euro 1.16 -0.39% -0.52% -3.06%
Libra Esterlina 1.31 -0.58% -1.37% -2.83%
Yen 110.76 0.00% -0.85% 1.74%
Franco Suizo 0.99 -0.29% -0.58% -1.93%
Dólar Australiano 0.74 -0.70% -3.86% -5.84%
Yuan 6.67 -0.68% -3.88% -2.40%
Peso Chileno 654.35 -0.68% -3.74% -5.95%
Peso Mexicano 20.04 -0.66% 0.16% -1.90%
Real Brasileño 3.89 -0.27% -3.65% -14.89%
Peso Argentino 28.93 -2.88% -14.03% -35.62%
COMMODITIES
MONEDAS
Último Var. Diaria (%) Var. m/m (%) YTD (%)
INDICES
Reporte Diario- 02 de julio de 2018
Monitor Acciones
1D 1W 1M 1Y YTD 2015 2016 2017 LTM P/E Fwd * 2015 2016 2017 LTM P/BV Fwd * 2015 2016 2017 LTM EV/EBITDA Fwd*
Merval 26037 -2.81% -13.82% -8.83% 21.32% -13.40%
Agro MM ARS
San Miguel SAMI 103.5 -3.50% -16.19% 8.49% -6.76% -12.88% 7,364 11,686 32.91 49.95 22.01 13.24 2.96 5.55 3.47 2.70 1.32 10.47 214.73 521.93 6.49
Agro Supplier
Agrometal AGRO 14.1 -11.88% -26.18% -0.70% -46.22% -40.00% 1,058 1,307 -19.31 25.46 26.81 22.55 NULL 3.57 8.63 8.19 5.64 NULL -103.54 12.77 15.16 11.71 NULL
Construction
Holcim Argentina HARG 55.05 -5.09% -15.31% -5.33% 19.81% -27.21% 19,381 19,262 64.15 29.08 25.02 17.58 16.94 3.11 7.46 31.78 18.08 NULL 4.58 10.71 14.15 10.15 9.06
Loma Negra LOMA 59.1 -1.42% -18.26% -7.87% -30.80% 33,452 36,374 30.50 18.28 2.93 12.65 7.62 1.20 1.74 12.97 8.67 7.12
Highway
Autopistas del Oeste OEST 27.2 -6.85% -14.87% -4.06% -20.28% -18.69% 4,352 3,411 12.01 16.04 13.73 8.42 NULL 3.17 9.64 12.26 6.82 NULL 4.85 8.04 7.62 4.50 NULL
Autopistas del Sol AUSO 97.85 -3.12% -7.21% 4.43% 3.21% -6.23% 8,648 8,172 19.22 14.23 19.72 16.39 NULL 8.23 8.89 27.89 18.58 NULL 3.30 6.12 12.35 10.15 NULL
Holding
Cresud CRES 42.25 -1.29% -8.35% 0.36% 40.15% 3.81% 21,194 180,947 4.51 4.74 NULL 1.05 1.10 NULL 22.05 22.79 NULL
Metals
Aluar ALUA 20.65 6.99% -2.59% 30.23% 121.34% 45.99% 57,820 59,429 38.29 13.84 14.11 17.07 15.41 3.90 2.94 4.39 6.44 NULL 15.82 7.36 8.14 9.75 9.33
Terniun Argentina TXAR 13.25 -1.12% -17.19% -7.99% 29.14% -5.84% 59,851 64,816 19.77 10.89 11.41 9.55 5.10 1.47 1.40 1.73 1.46 NULL 8.18 8.37 11.82 8.68 5.15
Tenaris * TS 521.95 1.08% 5.68% 15.71% 103.81% 76.93% 21261 * 21038 * -175.40 376.74 34.52 37.00 25.97 1.20 1.85 1.64 1.81 1.81 10.45 33.31 19.48 19.17 13.92
Oil & Gas
Pampa Energia PAMP 40.95 -2.96% -13.88% -14.51% 5.13% -17.94% 85,094 117,482 5.10 -3,472.00 21.02 15.65 12.58 2.18 3.86 5.72 4.27 NULL 4.62 14.21 10.69 7.69 3.47
YPF YPFD 390 -1.73% -14.85% -14.05% 10.30% -7.53% 153,392 313,770 18.57 -3.56 13.42 8.33 1.03 0.71 0.85 1.09 0.89 NULL 3.79 4.22 4.82 3.70 3.20
Petroleo Brasilero * APBR 144.25 4.53% 12.21% -3.80% 119.44% 51.23% 64,926 147,887 -3.45 -14.07 -739.60 101.92 0.45 0.89 0.84 0.79 4.64 5.56 4.91 4.71
Other
Boldt BOLT 5.3 0.19% -4.85% -3.64% -24.36% -20.50% 4,452 4,236 6.15 5.79 16.09 7.65 NULL 1.18 1.51 5.54 2.75 NULL 5.40 6.14 15.34 7.23 NULL
ByMA * BYMA 344.8 -2.50% -12.82% 3.84% 135.46% 1.80% 26,291 - 23.12 18.05 12.18 5.51 5.10 NULL 12.67
Mirgor MIRG 337.7 -4.01% -23.01% -23.77% -2.06% -34.09% 6,079 5,990 2.07 8.58 10.39 5.83 NULL 0.84 3.03 3.64 2.17 NULL -0.65 4.37 4.58 2.54 NULL
Real Estate
Consultatio CTIO 37.4 -0.80% -15.00% -5.20% 3.58% -33.36% 15,331 13,577 7.05 10.25 10.24 6.70 NULL 2.64 2.24 2.38 1.55 NULL -694.93 5.96 4.56 2.85 NULL
IRSA IRSA 49.6 0.81% -5.52% 2.69% 32.46% -8.74% 28,702 182,830 3.47 3.35 NULL 1.03 0.94 NULL 15.33 15.23 NULL
TGLT TGLT 9.7 -5.37% -13.00% -15.65% -2.51% -44.25% 682 1,191 -27.31 220.92 -3.48 -1.94 NULL 7.15 7.14 2.73 1.52 NULL 117.02 -7.00 -4.81 NULL
Telecomunications
Cablevision Holding CVH 301.7 1.55% -13.81% 3.25% -35.94% 54,500 169,185 108.82 69.71 19.68 - 11.21 1.17 NULL - 11.05 3.92 2.91
Telecom Argentina TECO2 102.55 -7.07% -11.52% -6.48% 38.62% -19.71% 220,861 257,857 11.41 12.96 16.22 11.39 12.92 2.26 2.66 5.36 1.74 2.37 3.85 4.04 6.74 6.72 2.03
Utilities
Central Puerto CEPU 28.2 0.89% -18.97% -15.57% 36.37% -9.19% 42,461 44,842 12.22 18.39 13.70 4.18 3.24 3.52 6.32 6.61 2.91 NULL 12.25 17.60 11.97 10.76 7.14
Central Costanera CECO2 8.5 -10.99% -33.07% -30.04% -38.18% -46.71% 5,967 7,899 -36.59 63.59 30.27 10.99 12.14 6.37 11.69 11.14 5.54 NULL 6.79 9.24 11.00 5.60 3.05
Transp. Gas del Norte TGNO4 43.95 -2.33% -19.36% -25.82% 16.00% -40.45% 19,310 22,338 -6.86 -23.26 38.52 24.89 NULL 10.25 107.75 2.16 1.27 NULL -30.89 21.10 20.09 9.10 4.31
Transp. Gas del Sur TGSU2 69.15 -6.55% -19.73% -17.97% 27.23% -16.74% 54,939 53,519 -78.01 25.27 23.62 14.22 6.57 7.92 9.31 12.40 7.79 NULL 12.35 9.99 12.78 7.87 1.97
Metrogas METR 29.85 -7.01% -25.56% -24.05% 33.26% -33.67% 16,990 20,902 -7.41 -11.82 33.14 -115.67 NULL -5.40 -5.15 2.85 1.98 NULL 7.81 14.76 17.31 11.73 NULL
Edenor EDN 47.25 -9.83% -14.79% -14.63% 83.14% 3.28% 42,830 42,555 9.88 -8.11 60.79 24.84 8.62 7.40 51.86 39.09 17.42 NULL 4.80 -13.52 14.61 9.00 2.04
Transener TRAN 40.9 -9.11% -21.65% -19.09% 43.26% -16.45% 18,187 18,749 66.34 -88.49 9.54 6.82 5.90 5.45 11.18 7.61 4.96 4.18 10.59 36.58 6.38 4.68 1.64
Dist. Gas Cuyana DGCU2 41.5 -7.78% -17.25% -12.08% 36.58% -3.01% 8,398 7,691 101.51 20.73 14.71 10.54 NULL 3.16 4.69 7.26 11.06 NULL -58.27 34.05 14.15 9.45 NULL
Camuzzi Gas Pampeana CGPA2 41.15 -10.15% -23.51% -28.43% 32.74% -41.96% 13,715 12,339 26.24 -17.69 28.64 38.97 NULL 3.35 7.28 17.79 12.31 NULL -11.71 -15.07 36.96 21.85 NULL
1D 1W 1M 1Y YTD 2015 2016 2017 LTM P/E Fwd * 2015 2016 2017 (NIIF) LTM (NIIF) P/BV Fwd *
Banks
Banco Macro BMA 167.05 -5.59% -14.31% -15.01% 15.36% -20.84% 111,867 8.88 8.85 14.26 9.42 8.00 2.80 2.62 3.04 2.23 1.91
Banco Frances FRAN 119.4 -2.01% -13.13% -0.42% 20.02% -21.58% 73,152 9.77 20.85 22.95 15.24 10.80 3.38 2.95 2.95 2.31 1.99
Banco Hipotecario BHIP 13.9 -3.47% -10.32% -13.66% 109.00% 2.96% 20,850 7.75 14.95 12.71 11.13 NULL 1.55 1.52 1.46 2.63 NULL
GF Galicia GGAL 95.05 -4.85% -14.02% -10.16% 38.17% -22.60% 135,614 10.89 9.13 20.16 13.39 11.58 3.26 2.70 4.25 3.29 2.52
Grupo Supervielle SUPV 61.6 0.16% -20.05% -28.70% 5.67% -44.91% 28,134 - 10.44 18.37 10.07 6.84 - 2.14 3.56 1.86 1.54
* P/E , P/BV , EV/EBITDA in blank due to negative results or lack of data
* TS & APBR: RATIOS, Market Cap and EV are calculated in USD
* Fwd Ratios Source: Reuters Estimates
Market Cap
P/E P/BV
P/BVP/E
EV/EBITDA
-
Sector Ticker Price Close
Market Cap EVSector Ticker Price Close
Reporte Diario- 02 de julio de 2018
Renta Fija – ARS Soberanos
AMX9
AA22
PR15
AM20
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
11.0%
0 1 2 3
Duration
BADLAR - Curva de Rendimientos
PARP
DIP0
PR13 DICP
CUAPTC21
TC20
AF19
A2M2
TC23
TC25
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
11.0%
0 2 4 6 8 10 12 14
Duration
CER - Curva de Rendimientos
TO23
TS18
TN20TO21
TO26A2M2
AF1915.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
0 2 4 6
Duration
TASA FIJA - Curva de Rendimientos
Tasa Variable - BADLAR
Bonar 2019 AMX9 101.0 1.00% 41.48% 36.23% 3.94% 0.57 2.05 11-sep-18 11-mar-19 Bullet Qtly. Badlar+250 100
Bonar 2020 AM20 95.0 -4.90% 49.46% 42.25% 9.96% 1.13 3.02 01-sep-18 01-mar-20 Bullet Qtly. Badlar+325 100
Bocon 2022 PR15 162 0.31% 47.51% 40.80% 8.51% 1.49 9.88 04-jul-18 04-oct-22 Qtly. Qtly. Badlar 100
Bonar 2022 AA22 94 -6.00% 42.87% 37.29% 5.00% 1.99 0.00 03-oct-18 03-abr-22 Bullet Qtly. Badlar+200 100
Tasa Variable - REPO
ARGPOM 2020 TJ20 105 0.00% 42.77% 37.21% -2.79% 1.31 1.32 21-sep-18 22-jun-20 Bullet Qtly. Pol. Mon. 100
Mixed Peso
ARGCER 2019 AF19 110 0.00% 9.55% 9.34% - 0.58 0.28 08-Feb-19 08-Feb-19 Bullet Mth. Fixed=3,75 100
FIXED RATE 2019 AF19 110 0.00% 19.45% 18.58% - 0.55 1.46 08-Feb-19 08-Feb-19 Bullet Sem. Fixed=20.47 100
ARGCER 2020 A2M2 100.80 -2.14% 10.14% 9.90% - 1.60 0.33 06-Mar-20 06-Mar-20 Bullet Mth. Fixed=4 100
FIXED RATE 2020 A2M2 100.80 -2.14% 24.93% 23.55% - 1.49 1.51 06-Mar-20 06-Mar-20 Bullet Sem. Fixed=19.21 100
Tasa Fija
TASA FIJA 2018 TS18 102 - 46.05% 41.70% - 0.19 6.12 19-sep-18 19-sep-18 Bullet Sem. Fija=22.75 100
TASA FIJA 2018 TN20 101.1 - 27.04% 25.42% - 1.69 0.00 21-nov-18 21-nov-20 Bullet Sem. Fija=21.20 100
TASA FIJA 2021 TO21 96.0 - 23.13% 21.93% - 2.32 4.55 03-oct-18 03-oct-21 Bullet Sem. Fija=18,20 100
TASA FIJA 2023 TO23 93.05 - 20.06% 19.15% - 3.38 3.38 17-oct-18 17-oct-23 Bullet Sem. Fija=16,00 100
TASA FIJA 2026 TO26 94.5 - 18.28% 17.51% - 4.42 3.27 17-oct-18 17-oct-26 Bullet Sem. Fija=15,50 100
Ajustable por Inflación - CER
BONCER 2020 TC20 132.0 -1.12% 8.40% 8.23% - 1.71 0.59 28-oct-18 28-abr-20 Bullet Sem. Fija=2,25 100
BOCON 2024 PR13 390.0 1.30% 8.42% 8.25% - 2.51 0.46 16-jul-18 15-mar-24 Sinkable Mth. Fija=2 57.67
BONCER 2021 TC21 135.8 0.26% 7.75% 7.61% - 2.81 1.74 22-jul-18 22-jul-21 Bullet Sem. Fija=2,5 100
BONCER 2023 TC23 94.3 - 8.10% 7.94% - 4.05 1.42 06-sep-18 06-mar-23 Bullet Sem. Fija= 4 100
BONCER 2025 TC25 95.0 - 6.00% 5.91% - 5.76 0.77 27-oct-18 27-abr-25 Bullet Sem. Fixed=4 100
DISCOUNT $ 2033 DIP0 800 - 6.47% 6.37% - 7.67 0.41 31-dic-18 31-dic-33 Sinkable Sem. Fija=5,83 100
DISCOUNT $ 2033 DICP 699.5 -0.36% 8.32% 8.16% - 7.33 0.41 31-dic-18 31-dic-33 Sinkable Sem. Fija=5,83 100
PAR $ 2038 PARP 285.0 -1.72% 8.76% 8.57% - 11.64 2.00 30-sep-18 31-dic-38 Sinkable Sem. Fija=1,18 100
CUASIPAR CUAP 500 -3.85% 7.64% 7.50% - 12.83 0.25 31-dic-18 31-dic-45 Sinkable Sem. Fija=3,31 100
TNA Frec.
PagoCupón (%)
Residual
(%)
Margen
S/BadlarDuration
Int.
Corridos
Prox.
CupónVto. Amort.Bonos Ticker Precio
Var.
DiariaTIR
Reporte Diario- 02 de julio de 2018
Renta Fija – USD Soberanos
AO20
AA25
AA21
A2E2
AA26A2E7
DICA
PARA
AA46
AY24
AA19
DICY
AL28
AL36
PARY
AN18
AA37
AC17
A2E3
A2E8
AE48
3.5%
4.5%
5.5%
6.5%
7.5%
8.5%
9.5%
10.5%
0 2 4 6 8 10 12
Duration
Dolar - Curva de Rendimientos
Precio Loc. Precio Ext.
ARS Mep Clean Dirty
Dólar Soberanos
Bonar 2018 AN18 2967 103 101.35 102.20 -0.30% 101.34% 3.85% 5.61% 8.88% 0.40 0.85 29-nov-18 29-nov-18 Bullet Sem. Fija=9 Arg 100 1 2,312
Global 2019 AA19 2970 102 100.78 102.01 -0.05% 100.77% 5.58% 5.31% 6.20% 0.78 1.23 22-oct-18 22-abr-19 Bullet Sem. Fija=6,25 NY 100 150,000 2,750
Bonar 2020 AO20 3045 105 103.66 105.55 -0.55% 103.60% 6.51% 6.32% 7.72% 2.05 1.89 08-oct-18 08-oct-20 Bullet Sem. Fija=8 Arg 100 1 950
Global 2021 AA21 2750 101 99.16 100.52 -0.56% 99.17% 7.13% 7.33% 6.93% 2.51 1.36 22-oct-18 22-abr-21 Bullet Sem. Fija=6,875 NY 100 150,000 4,500
Bonar 2024 AY24 3024 104 103.55 104.92 -0.48% 103.51% 7.79% 7.62% 8.45% 2.81 1.36 07-nov-18 07-may-24 Sinkable Sem. Fija=8,75 Arg 100 1 6,360
Global 2022 A2E2 2800 97 93.91 96.36 -0.71% 94.06% 7.69% 7.74% 5.99% 3.11 2.45 26-jul-18 26-ene-22 Bullet Sem. Fija=5,625 NY 100 1,000 3,250
Bonar 2025 AA25 2600 89 88.55 89.75 -2.54% 88.68% 8.73% 8.45% 6.49% 4.74 1.20 18-oct-18 18-abr-25 Sinkable Sem. Fija=5,75 Arg 100 1,000 1,535
Global 2026 AA26 2600 97 92.83 94.30 -1.26% 92.93% 8.55% 8.97% 8.08% 5.71 1.48 22-oct-18 22-abr-26 Bullet Sem. Fija=7,5 NY 100 150,000 6,500
Global 2027 A2E7 2645 91 88.51 91.51 -1.43% 88.84% 9.02% 9.00% 7.77% 6.08 3.00 26-jul-18 26-ene-27 Bullet Sem. Fija=6,875 NY 100 1,000 3,750
Global 2023 A2E3 2550 95 88.51 90.72 -0.87% 88.76% 6.61% 7.82% 5.23% 3.91 2.21 11-jul-18 11-ene-23 Bullet Sem. Fija=4,625 NY 100 1000 1,750
Global 2028 A2E8 2370 88 81.73 84.54 -1.20% 82.23% 8.34% 8.92% 7.19% 6.73 2.81 11-jul-18 11-ene-28 Bullet Sem. Fija=5,875 NY 100 1000 4,250
Global 2048 AE48 2500 96 75.55 78.84 -1.08% 76.33% 7.66% 9.53% 9.10% 10.14 3.28 11-jul-18 11-ene-48 Bullet Sem. Fija=6,875 NY 100 1000 3,000
Discount 2033 ARL DIY0 3812 140 90.82 127.43 -1.79% 90.83% 8.47% 9.93% 9.12% 6.71 0.10 31-dic-18 31-dic-33 Sinkable Sem. Fija=8,28 NY 100 1 1,817
Discount 2033 USL DIA0 3700 128 98.05 137.56 -0.41% 98.05% 9.92% 8.74% 8.45% 6.92 0.10 31-dic-18 31-dic-33 Sinkable Sem. Fija=8,28 Arg 100 1 184
Discount 2033 ARL DICA 3745 129 96.84 135.87 -2.42% 96.84% 9.74% 8.93% 8.55% 6.89 0.10 31-dic-18 31-dic-33 Sinkable Sem. Fija=8,28 Arg 100 1 6,872
Discount 2033 USL DICY 3760 130 94.88 133.12 -1.61% 94.88% 9.65% 9.25% 8.73% 6.83 0.10 31-dic-18 31-dic-33 Sinkable Sem. Fija=8,28 NY 100 1 5,560
Global 2028 AL28 - - 85.36 88.61 -1.32% 85.82% - 9.05% 7.76% 6.76 3.26 06-jul-18 06-jul-28 Bullet Sem. Fija=6,625 NY 100 150,000 1,000
Bonar 2037 AA37 2469 85 87.10 88.69 -0.81% 87.31% 9.81% 9.30% 8.75% 9.01 1.59 18-oct-18 18-abr-37 Sinkable Sem. Fija=7,625 Arg 100 1,000 2,020
Global 2036 AL36 - 88 80.75 84.26 -1.46% 81.40% 9.02% 9.57% 8.82% 8.86 3.50 06-jul-18 06-jul-36 Bullet Sem. Fija=7,125 NY 100 150,000 1,750
PAR USD USL PAY0 1625 61 54.34 54.99 -0.08% 54.64% 8.84% 9.83% 4.60% 10.03 0.65 30-sep-18 31-dic-38 Sinkable Sem. Fija=2,5 NY 100 1 95
PAR USD ARL PAA0 1600 63 54.92 55.56 -1.12% 55.21% 8.41% 9.72% 4.55% 10.07 0.65 30-sep-18 31-dic-38 Sinkable Sem. Fija=2,5 Arg 100 1 71
PAR USD ARL PARA 1655 56 57.16 57.81 -1.13% 57.44% 9.73% 9.31% 4.37% 10.22 0.65 30-sep-18 31-dic-38 Sinkable Sem. Fija=2,5 Arg 100 1 1,246
PAR USD USL PARY 1658 57 57.20 57.85 -1.38% 57.48% 9.38% 9.30% 4.37% 10.22 0.65 30-sep-18 31-dic-38 Sinkable Sem. Fija=2,5 NY 100 1 5,313
Global 2046 AA46 2389 84 81.29 82.79 -1.41% 81.57% 9.62% 9.77% 9.38% 9.96 1.50 22-oct-18 22-abr-46 Bullet Sem. Fija=7,625 NY 100 150,000 2,750
Global 2117 AC17 2220 77 76.88 76.98 -1.13% 76.90% 9.52% 9.48% 9.27% 10.93 0.10 28-dic-18 28-jun-17 Bullet Sem. Fixed=7,125 NY 100 1,000 2,750
Monto
Em/Res.(en
millones)
Próx. Pago LeyResidual
(%)
Lámina
MínimaBonos Ticker Cupón (%)
Var.
Diaria
(ext.)
Paridad Vto. Amort.Frec.
PagoTIR Mep TIR Ext
Current
YieldDuration
Int.
Corridos
Reporte Diario- 02 de julio de 2018
Renta Fija – USD Subsoberanos
Precios
ARS Clean Dirty
Dólar Sub-Soberanos
BS. AS. PAR 2020 BPMD 1930 97.42 65.41 0.00% 6.62% 4.11% 1.03 0.46 01-nov-18 01-may-20 Sinkable Sem. Fija=3 NY 67 1 42.3
BS. AS. 2018 BP18 2950 100.36 103.20 0.00% 7.43% 9.34% 0.20 2.84 14-sep-18 14-sep-18 Bullet Sem. Fija=9,375 NY 100 100,000 475.0
BS. AS. 2019 PBJ19 2760 98.85 99.14 -0.31% 7.14% 5.82% 0.92 0.29 15-dic-18 15-jun-19 Bullet Sem. Fija=5,75 NY 100 150,000 750.0
BS. AS. 2021 BP21 - 103.17 107.91 -1.25% 8.78% 10.54% 1.36 4.74 26-jul-18 26-ene-21 Sinkable Sem. Fija=10,88 NY 100 100,000 750.0
BS. AS. 2021 PBJ21 - 103.30 103.97 -0.62% 8.57% 9.63% 2.15 0.66 09-dic-18 09-jun-21 Sinkable Sem. Fija=9,95 NY 100 150,000 899.5
BS. AS. 2023 PBF23 - 91.77 94.26 -0.94% 9.43% 7.08% 3.06 2.49 15-ago-18 15-feb-23 Sinkable Sem. Fija=6,5 NY 100 1,000 750.0
BS. AS. 2024 PBM24 2890 96.86 99.57 -0.24% 10.22% 9.42% 3.66 2.71 16-sep-18 16-mar-24 Sinkable Sem. Fija=9,125 NY 100 150,000 1,250.0
BS. AS. 2027 PBJ27 2485 87.53 87.92 -0.78% 10.46% 9.00% 5.65 0.39 15-dic-18 15-jun-27 Sinkable Sem. Fija=7,875 NY 100 150,000 1,750.0
BS. AS. 2028 BP28 2696 97.38 99.39 0.57% 10.32% 9.88% 5.74 2.01 18-oct-18 18-abr-28 Sinkable Sem. Fija=9,625 NY 100 100,000 400.0
BS. AS. PAR 2035 BPLD 1994 66.83 67.36 -0.73% 9.94% 5.99% 6.51 0.53 15-nov-18 15-may-35 Sinkable Sem. Fija=4 NY 100 1 446.5
CIUDAD BS. AS BUEAIR 21 - 102.35 105.68 -0.29% 7.48% 8.74% 1.47 3.33 19-ago-18 19-feb-21 Sinkable Sem. Fija=8,95 ENG 100 200,000 500.0
CIUDAD BS. AS BUEAIR 27 - 90.78 91.44 -0.91% 9.37% 8.26% 5.76 0.67 01-dic-18 01-jun-27 Sinkable Sem. Fija=7,5 UK 100 200,000 890.0
JUJUYA 2022 JUS22 - 94.43 96.94 - 10.53% 9.13% 3.38 2.52 20-sep-18 20-sep-22 Bullet Sem. Fija=8,625 NY 100 150,000 210.0
SANTA FE 2023 PROVSF23 - 92.72 94.66 -0.62% 9.32% 7.55% 3.51 1.94 23-sep-18 23-mar-23 Sinkable Sem. Fija=7 NY 100 150,000 250.0
SANTA FE 2027 PROVSF27 - 84.91 86.10 0.08% 9.79% 8.13% 5.98 1.19 01-nov-18 01-nov-27 Sinkable Sem. Fija=6,9 NY 100 150,000 250.0
CÓRDOBA 2021 PDCAR21 - 97.35 97.81 -0.07% 8.31% 7.32% 2.62 0.46 10-dic-18 10-jun-21 Bullet Sem. Fija=7,125 NY 100 150,000 725.0
CÓRDOBA 2026 CO26 2750 95.24 96.54 -0.52% 8.74% 7.48% 3.49 1.31 27-jul-18 27-oct-26 Sinkable Qtly. Fija=7,125 ARG 100 1,000 300.0
CÓRDOBA 2024 CO24 - 90.62 93.14 -0.61% 9.70% 8.22% 4.70 2.52 01-sep-18 01-sep-24 Bullet Sem. Fija=7,45 NY 100 150,000 510.0
CÓRDOBA 2027 PDCAR27 2345 83.81 86.81 0.40% 10.10% 8.50% 6.16 3.01 01-ago-18 01-ago-27 Bullet Sem. Fija=7,125 NY 100 150,000 450.0
MENDOZA 2018 BARX1 - 100.06 5.39 0.00% 4.59% 5.50% 0.17 0.10 04-sep-18 04-sep-18 Sinkable Sem. Fija=5,5 NY 5 10,000 12.2
MENDOZA 2024 PMY24 2597 92.27 93.29 1.44% 10.71% 9.08% 3.85 1.02 19-nov-18 19-may-24 Sinkable Sem. Fija=8,375 NY 100 150,000 500.0
TRA. DEL FUEGO FUEGO27 - 95.79 97.68 -0.43% 10.43% 9.34% 3.75 1.89 17-jul-18 17-abr-27 Sinkable Qtly. Fija=8,95 NY 100 1,000 200.0
NEUQUÉN 2021 NRH2 - 102.97 38.64 -0.18% 5.85% 7.65% 1.36 0.54 26-jul-18 26-abr-21 Sinkable Qtly. Fija=7,875 NY 37 150,000 29.2
NEUQUÉN 2025 NEU2025 - 84.67 86.05 0.25% 11.47% 8.86% 4.43 1.38 27-oct-18 27-abr-25 Sinkable Sem. Fija=7,5 NY 100 1,000 366.0
NEUQUÉN 2028 NDT11 - 92.91 94.13 -0.35% 10.69% 9.28% 4.21 1.22 12-ago-18 12-may-28 Sinkable Qtly. Fija=8,625 NY 100 150,000 348.7
LA RIOJA 2025 RIF25 - 94.09 97.59 - 11.60% 10.36% 3.78 3.49 24-ago-18 24-feb-25 Sinkable Sem. Fija=9,75 NY 100 150,000 200.0
CHACO 2024 CH24D 2460 84.98 88.50 - 13.99% 11.03% 3.70 3.52 18-ago-18 18-ago-24 Sinkable Sem. Fija=9,375 NY 100 150,000 250.0
CHUBUT 2020 TUBA1 - 100.46 22.33 0.00% 7.50% 7.71% 1.05 0.00 01-oct-18 01-jul-20 Sinkable Qtly. Fija=7,75 NY 22 10,000 23.1
CHUBUT 2023 PUY23 2599 98.71 95.06 -0.05% 9.80% 8.99% 2.10 1.03 19-ago-18 19-may-23 Sinkable Qtly. Fija=8,875 NY 95 25,000 47.6
CHUBUT 2026 PUL26 2308 80.02 81.46 -1.76% 13.95% 9.69% 3.75 1.44 26-jul-18 26-jul-26 Sinkable Qtly. Fija=7,75 NY 100 150,000 650.0
ENTRE RIOS 2025 ERF25 - 87.90 91.43 -1.10% 12.10% 9.95% 4.08 3.52 08-ago-18 08-feb-25 Sinkable Sem. Fija=8,75 NY 100 150,000 500.0
SALTA 2022 SARH - 98.29 43.58 -0.06% 10.91% 9.67% 1.68 0.20 16-sep-18 16-mar-22 Sinkable Qtly. Fija=9,5 NY 44 150,000 81.7
SALTA 2024 SA24D 2500 94.46 98.92 - 10.86% 9.66% 3.75 4.46 07-jul-18 07-jul-24 Sinkable Sem. Fija=9,125 NY 100 150,000 350.0
Monto
Em/Res.(en
millones)
DurationInt.
CorridosPróx. Pago Maturity Amort. Frec. PagoBonos Ticker
Var.
DiariaTIR
Lámina
MínimaCupón (%) Ley
Residual
(%)
Current
Yield
Reporte Diario- 02 de julio de 2018
Renta Fija – USD Subsoberanos
PBM24
BPMDBP18
BP21
PBJ27BP28
BPLD
PDCAR21
PDCAR27
SA24D
PROVSF23
PBJ21
NEU2025
BARX1
CO24
BUEAIR 27
PBJ19
PROVSF27
PBF23
CO26
NDT11
BUEAIR 21
PMY24PUY23
TUBA1
NRH2
FUEGO27
SARH
RIF25
JUS22
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
11.0%
12.0%
0.00 2.00 4.00 6.00 8.00
Duration
Dólar Provincial - Curva de Rendimientos
Buenos Aires Prov.
Buenos Aires Ciudad
BPMD
BP18
BP21
PDCAR21
PBJ21
BUEAIR 27
PBJ19
PBF23
CO26
BUEAIR 21
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
0.00 2.00 4.00 6.00 8.00
Duration
Dólar Provincial - Curva de Rendimientos
Buenos Aires Prov.
Buenos Aires Ciudad
SA24D
PROVSF23
NEU2025
BARX1
PROVSF27
NDT11
PMY24
PUY23
TUBA1
NRH2
FUEGO27
RIF25
JUS22
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
11.0%
12.0%
0.00 2.00 4.00 6.00 8.00
Duration
Dólar Provincial - Curva de Rendimientos
Buenos Aires Prov.
Buenos Aires Ciudad
Reporte Diario- 02 de julio de 2018
Renta Fija - Dólar-Linked
Dólar-Linked Subsoberanos
NEUQUÉN 2018 NDG21 372 - 62.19% 0.16 28-jul-18 28-oct-18 Trim. Trim. 3.90 14 199
MENDOZA Cl. 2 2018 PMO18 309 - 87.16% 0.17 30-jul-18 30-oct-18 Trim. Trim. 2.75 12 55
MENDOZA Cl. 3. 2018 PMD18 322 - 27.82% 0.31 18-sep-18 18-dic-18 Trim. Trim. 2.75 12 70
CABA Cl. 4 2019 BDC19 955 2.14% 9.28% 0.61 17-nov-18 17-may-19 Sem. Sem. 3.98 33 327
CABA Cl. 5 2019 BD2C9 1330 - 13.35% 0.86 20-dic-18 20-dic-19 Sem. Sem. 1.95 50 113
CABA Cl. 6 2020 BDC20 1830 -1.08% 12.34% 0.74 28-jul-18 28-ene-20 Sem. Sem. 1.95 67 147
CHUBUT 2019 PUO19 1019 3.98% 18.92% 0.60 21-jul-18 21-oct-19 Trim. Trim. 4.00 38 220
Monto
Emitido
(USD MM)
Próx. Pago Vto. Amort. Frec. Pago Cupón (%)Residual
(%)DurationBonos Ticker Precio
Var.
DiariaTIR
BDC19BD2C9
BDC20
PUO19
PMD18
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0
Duration
Dolar-Linked - Curva de Rendimientos
Soberanos Ciudad de Bs. As.
Reporte Diario- 02 de julio de 2018
ROFEX Futuros de Dólar/ TC Oficial
TC Var 1D (%) Var 5D (%) MTD (%) Var 1M (%) YTD (%) A/A(%)
SIOPEL 28.85 2.60% 6.81% 0.00% 16.14% 54.70% 74.85%
BCRA 28.86 3.78% 6.09% 0.00% 15.91% 53.73% 75.12%
BNAB 28.90 2.85% 6.64% 0.00% 16.06% 54.96% 75.15%
BNAG 28.80 2.67% 6.82% 0.00% 16.18% 54.85% 75.08%*BNAB- minorist a
*BNAG-mayorist a
Simple Compuesta
31/07/2018 29.830 3.40% 38.75% 46.38%
31/08/2018 30.720 6.48% 37.55% 43.89%
28/09/2018 31.520 9.25% 37.12% 42.62%
31/10/2018 32.470 12.55% 36.93% 41.62%
30/11/2018 33.350 15.60% 36.97% 40.99%
31/12/2018 34.100 18.20% 35.90% 39.08%
31/01/2019 34.730 20.38% 34.44% 36.81%
28/02/2019 35.330 22.46% 33.60% 35.41%
29/03/2019 35.930 24.54% 32.81% 34.10%
30/04/2019 36.530 26.62% 31.86% 32.64%
31/05/2019 37.130 28.70% 31.18% 31.53%
28/06/2019 37.730 30.78% 30.86% 30.88%
Vencimiento Precio Var. TCTasa Implícita
29.50%
31.50%
33.50%
35.50%
37.50%
39.50%
Jul-18 Sep-18 Nov-18 Jan-19 Mar-19 May-19
TNA
Futuros de Dólar ROFEX : Tasas Implícitas
Reporte Diario- 02 de julio de 2018
Cupones PBI
ARS USD-EUR
Cupón PBI en ARS TVPP 3.50 USD 0.12 -0.28% 15-dic-35 ARS 24.60 7.0x Arg
Cupón PBI en USD TVPA 154.00 USD 5.34 - 15-dic-35 USD 29.97 5.6x Arg
Cupón PBI en USD TVPY 155.00 USD 5.38 -16.96% 15-dic-35 USD 29.97 5.6x NY
Cupón PBI en EUR TVPE 195.00 EUR 5.77 0.00% 15-dic-35 EUR 31.01 5.4x UK
Residual /
PrecioLey
Cupones PBI
TickerPrecio
Var. Diaria Vto. Residual
5
6
7
8
9
10
11
12
13
jul-
16
ago-
16
sep
-16
oct-
16
nov
-16
dic
-16
ene-
17
feb
-17
mar
-17
abr-
17
may
-17
jun
-17
jul-
17
ago-
17
sep
-17
oct-
17
nov
-17
dic
-17
ene-
18
feb
-18
mar
-18
abr-
18
may
-18
jun
-18
Cupón PBI USD (TVPY)U$S
2
4
6
8
10
12
14
jul-
16
ago
-16
se
p-1
6
oct-
16
nov-1
6
dic
-16
ene
-17
feb
-17
ma
r-17
abr-
17
ma
y-1
7
jun
-17
jul-
17
ago
-17
se
p-1
7
oct-
17
nov-1
7
dic
-17
ene
-18
feb
-18
ma
r-18
abr-
18
ma
y-1
8
jun
-18
Cupón PBI ARS (TVPP)ARS
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