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Argentina Market Financing

2 Market Financing 2021 and 2022 A comparison among peso-debt curves CER instruments Bonds 3% T-bills 14% 1% 12% -1% 10% -3% 8% -5% -7% 6% Yield 4% Yield -9% -11% 2% -13% -15% 0% -17% -2% -19% -4% -21% -6% -23% 01234567 8 9 10 11 12 0,0 0,2 0,4 0,6 0,8 88 Duration Duration Dec-20 ●Dec-21 ⚫Apr-22 Dec-20 Dec-21 ⚫ Apr-22 1,0 23 23 10 Argentina unida

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