[Prices] Price controls are doing the dirty work - for now - and inflation is going down. This week's inflation runs at 0.3% WoW and monthly inflation already stands below 2.0% and is…
The government's debt offer was finally unveiled. New bonds' NPV estimates are in the range 31-44 dollars (at 10-12% exit yield, depending on the bond) and NPV haircut ranges between 45% and…
[Debt] On a Press Conference, Minister Guzman highlighted the main lines of the debt proposal but details are still pending. Lacking details, yesterday's announcement can only be analyzed superficially. The message,…
In the onset of a new strong increase in the Blue Chip Swap premium - it grew from 40% to 65% in two weeks - the elusive question on whether the non-commercial…
March base-case scenario is now gone. In this report, we highlight the main features of this new COVID-19, supply squeezed, monetary financed, locked down, rereprofiled base case scenario1. Our new growth forecast for…