# Argentina sovereign curve — live YTM, duration and price

**URL:** https://rueda.live/en/bonos/curva-soberana  
**Markdown URL:** https://rueda.live/en/bonos/curva-soberana.md  
**Language:** en  
**Data source:** BYMA (public bonds + analytics)  
**Updated:** 2026-04-27T19:28:01.857Z  
**License:** MIT — attribution to Rueda AI (https://rueda.live) appreciated  
**Note:** upstream BYMA endpoint unavailable at fetch time — table shows best-effort fallback

> Full Argentine sovereign bond curve in USD and pesos: price, YTM, duration, parity and days to maturity per ticker. Source: BYMA.

## Snapshot summary

| Metric | Value |
|---|---|
| Universe (all listed public bonds) | 0 |
| Matching filters | 0 |
| Returned rows | 0 |
| With live analytics | 0 |

## How to read the Argentine sovereign curve

The **sovereign curve** groups USD- and peso-denominated bonds issued by the Argentine Treasury, sorted by maturity. The most actively traded are **Bonares** (tickers `AL…`, local-law jurisdiction) and **Globales** (tickers `GD…`, New York-law jurisdiction). Both pay in USD but differ on applicable default clauses.

For each bond the curve shows: market **price**, **YTM** (annualized yield), **duration** (rate sensitivity), **parity** (current price / technical value) and **days to maturity**. The shape of the curve — positive, flat or inverted — reflects risk expectations and monetary policy.

Outside market hours (`16:00-17:00` ART) and on weekends, BYMA closes its OMS and does not publish YTM/duration. In that case the table shows price and days to maturity only; to compute YTM locally, use the `compute_ytm` tool in the AI terminal.

## FAQ

### What is the sovereign curve and why does it matter?

It is the set of Argentine Treasury bonds sorted by maturity, with their yield (YTM) at each tenor. The shape tells you how the market values Argentine solvency: a steep upward curve signals normal conditions, an inverted one flags short-term stress.

### What is the difference between AL30 and GD30?

Both are sovereign USD bonds maturing 2030, but AL30 is local-law (Argentina) and GD30 is New York-law. In a restructuring scenario, GD30 holders have stronger international legal remedies — so GD30 usually trades higher and with lower YTM.

### Why is YTM / duration sometimes missing?

BYMA publishes analytics (YTM / duration / parity) only while the OMS is open (approximately 11:00-17:00 ART, Mon-Fri). Outside those hours the table shows only the closing price and days to maturity.

### What does bond parity mean?

Parity = price / technical value. It tells you whether the bond trades at a premium (>100) or a discount (<100) to principal + accrued interest. Low-parity bonds carry more convexity and principal risk; high-parity bonds move mostly with rates.

### What counts as `low` or `high` duration here?

For the Argentine sovereign curve: duration below 2 years is low (short AL29/AL30), 2-5 years is medium (AL35, GD35), over 5 years is high (GD38, GD41, GD46). Higher duration means more price sensitivity to rates and country-risk changes.

## Related pages

- [Dólar en Argentina](https://rueda.live/en/dolar) — Markdown: https://rueda.live/en/dolar.md
- [Riesgo país](https://rueda.live/en/macro/riesgo-pais) — Markdown: https://rueda.live/en/macro/riesgo-pais.md

## Disclaimer

Prices and analytics are sourced from BYMA and its public feeds. Data may be delayed and is for information only — not financial advice.