{"id":2816,"date":"2026-05-21T18:00:25","date_gmt":"2026-05-21T18:00:25","guid":{"rendered":"https:\/\/elfinancierodigital.com\/inicio\/?p=2816"},"modified":"2026-05-21T18:41:05","modified_gmt":"2026-05-21T18:41:05","slug":"bonos-soberanos-argentinos-subas-en-gd38-y-al41-cer-al-alza","status":"publish","type":"post","link":"http:\/\/elfinancierodigital.com\/inicio\/bonos-soberanos-argentinos-subas-en-gd38-y-al41-cer-al-alza\/","title":{"rendered":"Bonos soberanos argentinos: subas en GD38 y AL41, CER al alza"},"content":{"rendered":"<p dir=\"auto\"><strong>Bonos soberanos argentinos: subas en GD38 y AL41, CER al alza y riesgo pa\u00eds en 524 puntos b\u00e1sicos<\/strong><\/p>\n<p dir=\"auto\">Los bonos soberanos argentinos cerraron la jornada de ayer con ganancias generalizadas en la plaza local, en un contexto de rebote tras ruedas previas de cautela. Los inversores reaccionaron positivamente ante datos locales favorables (como la balanza comercial) y expectativas externas, lo que impuls\u00f3 al riesgo pa\u00eds a la baja.<\/p>\n<h3 dir=\"auto\">Principales movimientos de ayer<\/h3>\n<ul dir=\"auto\">\n<li><strong>GD38<\/strong> (Global 2038, ley Nueva York): <strong>+1,7%<\/strong><\/li>\n<li><strong>AL41<\/strong> (Bonar 2041, ley local): <strong>+1,4%<\/strong><\/li>\n<li>Otros destacados: GD41 y GD35 subieron alrededor de +1,4%, AE38 +0,9%, AL35 +1,1%.<\/li>\n<\/ul>\n<p dir=\"auto\">Los <strong>bonos CER<\/strong> (ajustables por inflaci\u00f3n) continuaron con tendencia alcista, consolidando su rol como cobertura en un escenario de inflaci\u00f3n controlada pero a\u00fan presente. Instrumentos como CUAP, DICP, TX28 y TZX mostraron subas generalizadas.<\/p>\n<p dir=\"auto\">El <strong>riesgo pa\u00eds<\/strong> (EMBI de JP Morgan) cerr\u00f3 en torno a los <strong>524 puntos b\u00e1sicos<\/strong>, con una baja significativa que refleja mayor confianza en los activos argentinos.<\/p>\n<h3 dir=\"auto\">Vencimientos y pagos de hoy (21 de mayo 2026)<\/h3>\n<p dir=\"auto\">Hoy se abonan:<\/p>\n<ul dir=\"auto\">\n<li>Renta de <strong>AER5O<\/strong> y <strong>CIC9O<\/strong><\/li>\n<li>Capital e intereses de <strong>BB2Y6<\/strong>, <strong>LBY26<\/strong> y <strong>MRY26<\/strong><\/li>\n<li>Amortizaci\u00f3n adicional de <strong>LB3Y6<\/strong> (seg\u00fan reportes de renta fija)<\/li>\n<\/ul>\n<p dir=\"auto\">Estos flujos representan compromisos habituales del Tesoro y suelen generar atenci\u00f3n en el mercado por el impacto en liquidez.<\/p>\n<h3 dir=\"auto\">Resumen diario de renta fija<\/h3>\n<p dir=\"auto\">En la rueda de ayer, los soberanos en d\u00f3lares mostraron un claro rebote tras varias jornadas de bajas. El contexto externo (expectativas sobre tensiones geopol\u00edticas y tasas internacionales) y el positivo dato de balanza comercial argentina impulsaron las compras.<\/p>\n<ul dir=\"auto\">\n<li><strong>Bonos en d\u00f3lares (ByMA)<\/strong>: Predominio de alzas, con mayor dinamismo en los tramos medios y largos.<\/li>\n<li><strong>Bonos CER<\/strong>: Continuaron demandados como protecci\u00f3n inflacionaria.<\/li>\n<li><strong>Riesgo pa\u00eds<\/strong>: Baj\u00f3 con fuerza hasta los 524 puntos, consolidando estabilidad reciente.<\/li>\n<\/ul>\n<p dir=\"auto\">El mercado sigue atento a la evoluci\u00f3n fiscal, las compras de reservas del BCRA y el contexto global de tasas. Los bonos argentinos mantienen atractivo relativo en un escenario de disciplina macroecon\u00f3mica.<\/p>\n<h3 dir=\"auto\">\u00bfPor qu\u00e9 seguir los bonos soberanos?<\/h3>\n<p dir=\"auto\">Los t\u00edtulos como <strong>GD38<\/strong>, <strong>AL41<\/strong>, <strong>GD35<\/strong> o los CER ofrecen opciones de carry, cobertura y diversificaci\u00f3n. Los Globales (ley NY) suelen tener mejor liquidez internacional, mientras que los Bonares (ley local) pueden mostrar mayor volatilidad pero tambi\u00e9n oportunidades de spread. Los CER destacan para perfiles que buscan protecci\u00f3n contra inflaci\u00f3n.<\/p>\n<p dir=\"auto\"><strong>Fuentes consultadas:<\/strong><\/p>\n<ul dir=\"auto\">\n<li>Reportes de renta fija de Banco Provincia<\/li>\n<li>\u00c1mbito, Perfil, Rava Burs\u00e1til, Portfolio Personal e IOL InvertirOnline<\/li>\n<li>Datos de mercado actualizados al 20-21 de mayo 2026 (JP Morgan EMBI, cotizaciones ByMA)<\/li>\n<\/ul>\n<p dir=\"auto\"><em>Nota: Los mercados son din\u00e1micos. Recomendamos verificar cotizaciones en tiempo real y consultar un asesor financiero antes de operar.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bonos soberanos argentinos: subas en GD38 y AL41, CER al alza y riesgo pa\u00eds en 524 puntos b\u00e1sicos Los bonos soberanos argentinos cerraron la jornada de ayer con ganancias generalizadas en la plaza local, en un contexto de rebote tras ruedas previas de cautela. Los inversores reaccionaron positivamente ante datos locales favorables (como la balanza [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1574,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","footnotes":""},"categories":[7,1],"tags":[37],"class_list":["post-2816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mercados","category-sin-categoria","tag-noticiashoy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bonos soberanos argentinos: subas en GD38 y AL41, CER al alza - elfinancierodigital<\/title>\n<meta name=\"description\" content=\"Bonos soberanos argentinos: subas en GD38 y AL41, CER al alza\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/elfinancierodigital.com\/inicio\/bonos-soberanos-argentinos-subas-en-gd38-y-al41-cer-al-alza\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bonos soberanos argentinos: subas en GD38 y AL41, CER al alza - 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