Evolucion TIR Bonos Soberanos ARG

Argentina Sovereign Bonds — Yield (TIR) Evolution

SHORT DESCRIPTION:
Daily yield (TIR/IRR) evolution of Argentine sovereign bonds (Bonares & Globales). Newton-Raphson IRR per bar, 3 pricing modes, US Treasury overlay, coupon/amortization event markers.

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FULL DESCRIPTION:

Time-series indicator that tracks the daily yield (TIR / Internal Rate of Return) evolution of Argentine sovereign bonds. Each bond's IRR is calculated on every bar using the full remaining cashflow schedule and Newton-Raphson iteration.

SUPPORTED BONDS (13):

Bonares (Argentine law) — Green gradients:
AO27 | AL29 | AN29 | AL30 | AL35 | AE38 | AL41

Globales (New York law) — Blue gradients:
GD29 | GD30 | GD35 | GD38 | GD41 | GD46

FEATURES:

• Daily TIR line for each selected bond, with color gradients by maturity (lighter = shorter, darker = longer)
• US Treasury yield reference line (default US10Y, configurable) in red — useful for tracking the sovereign spread vs risk-free rate
• Three pricing modes:
- ARS → USD via AL30 ratios (default): converts BCBA peso prices to USD using AL30D/AL30 (MEP) for Bonares, AL30C/AL30 (Cable) for Globales
- Direct USD (MEP + Cable): uses BCBA direct USD quotes — D suffix for Bonares, C suffix for Globales
- Direct USD MEP (all): uses D suffix for all bonds
• Vertical highlights on cashflow payment dates: white background for coupon-only (renta), orange for coupon + amortization (capital)
• End-of-line labels sorted by yield, staggered horizontally to avoid overlap, with dotted connector lines
• Info table (top-right) with USD price, TIR%, pricing mode, and MEP exchange rate
• Individual toggle for each bond — default shows AL30 + GD30 for a clean view

METHODOLOGY:

• IRR: Newton-Raphson, 50 iterations, 1e-6 tolerance
• Day count: Actual/365
• Settlement: T+1
• Cashflow data embedded from ArgentinaBondsLib

HOW TO USE:

1. Add the indicator to any chart (overlay=false pane indicator)
2. By default you'll see AL30 (green) and GD30 (blue) yield lines, plus US10Y (red)
3. Toggle additional bonds in settings under "Bonares Individuales" / "Globales Individuales"
4. Change pricing mode under "Pricing" for direct USD quotes
5. Vertical highlights mark coupon/amortization dates for active bonds
6. Hover over labels for tooltips with USD price and exact TIR%

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EN ESPAÑOL:

Indicador de serie temporal que muestra la evolución diaria de la TIR (Tasa Interna de Retorno) de bonos soberanos argentinos. Soporta 13 bonos: 7 Bonares (ley argentina, degradado verde) y 6 Globales (ley NY, degradado azul). La TIR se calcula barra a barra mediante Newton-Raphson sobre el flujo de fondos remanente completo de cada bono.

Características principales:
- Línea de referencia US Treasury (US10Y por defecto, configurable) en rojo para visualizar el spread soberano
- Tres modos de pricing: ARS→USD vía ratios AL30, USD Directo MEP+Cable, USD Directo MEP
- Resaltado vertical en fechas de pago: blanco para cupón (renta), naranja para cupón + amortización (capital)
- Etiquetas al final de cada línea, ordenadas por TIR y escalonadas para evitar superposición
- Tabla informativa con precio USD, TIR% y tipo de cambio MEP
- Toggle individual por bono — por defecto muestra AL30 + GD30

Metodología: Newton-Raphson (50 iteraciones), convención Actual/365, liquidación T+1.

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DISCLAIMER / AVISO LEGAL:
This indicator is for informational and educational purposes only. It does NOT constitute investment advice, a recommendation to buy or sell any security, or a solicitation of any kind. Data may be incomplete, delayed, or inaccurate. Past performance is not indicative of future results. Consult a licensed financial advisor before investing. The author assumes no responsibility for financial losses.

Este indicador es solo para fines informativos y educativos. NO constituye asesoramiento de inversión ni recomendación de compra o venta. Consulte a un asesor financiero matriculado antes de invertir.

Sürüm Notları

Descripción (ES)
Indicador de serie temporal que rastrea la evolución diaria del rendimiento (TIR / IRR) de los 14 bonos soberanos hard-dollar argentinos del canje 2020 — Bonares ley argentina (AE38, AL29, AL30, AL35, AL41, AN29, AO27, AO28) y Globales ley NY (GD29, GD30, GD35, GD38, GD41, GD46) — calculada barra a barra mediante Newton-Raphson sobre el cronograma completo de cupones y amortizaciones de cada bono. Soporta tres modos de pricing (ARS→USD vía AL30, USD MEP+CCL directo, USD MEP para todos), superpone una referencia US Treasury seleccionable (default US10Y), resalta verticalmente las fechas de pago de renta y capital (blanco para cupón solo, naranja para cupón + amortización), marca las 22 fechas de eventos presidenciales argentinos (elecciones, PASO, balotajes, asunciones de 1983 a 2023) con líneas verticales celestes y la bandera 🇦🇷, y muestra etiquetas escalonadas al final de cada serie con la TIR vigente.

Description (EN)
Evolución TIR Bonos Soberanos ARG is a time-series indicator that tracks the daily yield (TIR / IRR) evolution of the 14 Argentine sovereign hard-dollar bonds issued in the 2020 sovereign debt restructuring. Each non-expired bond is plotted as a separate line so you can see how the entire dollar-denominated curve has moved over time, how individual instruments have decoupled from the cluster, and how peso-only events have repriced the legal-jurisdiction spread between Bonares (Argentine law) and Globales (New York law).

Bonds covered (14):

Bonares (8): AE38, AL29, AL30, AL35, AL41, AN29, AO27, AO28
Globales (6): GD29, GD30, GD35, GD38, GD41, GD46
Methodology:

Per-bar IRR via Newton-Raphson — recomputed on every bar over the bond's full remaining cashflow schedule (coupons + amortizations + bullet redemption), using the bar's own time as the settlement date so historical bars reflect each day's actual TIR rather than today's
Day-count convention: Actual/365
Settlement: T+1
50 iterations with rate clamped to [0.001, 0.50] for numerical stability
Three pricing modes (selectable via input):

ARS → USD via AL30 ratios (default) — fetches ARS-denominated BCBA prices and converts each Bonar to USD MEP through the AL30D/AL30 ratio, each Global to USD CCL through the AL30C/AL30 ratio. Best when ARS legs are more liquid than the direct USD legs.
Direct USD (MEP + Cable) — uses BCBA's direct USD quotes: D-suffix tickers (MEP) for Bonares, C-suffix (Cable) for Globales.
Direct USD MEP (all) — uses D-suffix MEP quotes for the entire universe.
Visual features:

Color gradients by maturity — Bonares in green from light (2027) to dark (2041), Globales in blue from light (2029) to dark (2046). The shorter the maturity, the lighter the shade.
US Treasury reference overlay — a configurable Treasury yield (default US10Y, switchable to US02Y / US05Y / US30Y) plotted in red as a stepped line, so you can compare the Argentine spread against risk-free rates.
Coupon and amortization vertical highlights — every cashflow date for each visible bond is marked with a vertical bgcolor: white for coupon-only payment dates, orange for dates that combine coupon + principal amortization. Toggleable per type.
Presidential event markers — vertical dashed lines in Argentina sky blue (#75AADB) on every Argentine presidential election, PASO primary, balotaje runoff, and inauguration from 1983 to 2023 (22 events), each tagged with a 🇦🇷 flag and the event name. Election dates that fell on Sundays are automatically shifted forward to the next Monday so the markers land on actual trading bars.
Staggered end-of-line labels — on the rightmost bar, every visible bond gets a callout label with its current TIR, sorted by yield and spaced 8 bars apart along the X axis to avoid overlap. Bonares labels and the UST reference point upward from the data line; Globales labels point downward, doubling the available vertical space.
Compact info table in the top-right corner showing each visible bond's USD price, TIR%, the active pricing mode, and the live MEP exchange rate.
Use cases: monitoring the Argentine sovereign hard-dollar curve in real time, tracking the Bonares-Globales legal-jurisdiction spread, identifying coupon and amortization dates for cash-flow planning, comparing Argentine yields against US Treasuries, and visualising how political events have historically repriced the curve.

Disclaimer: for informational and educational purposes only. Not investment advice. Calculations assume hold-to-maturity and ignore transaction costs, taxes, withholdings, and liquidity risk. Data may be delayed or inaccurate. Consult a licensed financial advisor before trading.

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Bu komut dosyası kapalı kaynak olarak yayınlanmaktadır. Ancak, ücretsiz ve herhangi bir sınırlama olmaksızın kullanabilirsiniz – daha fazla bilgiyi buradan edinebilirsiniz.

Eco Valores

Eco Valores S.A.
Agente de Liquidación y Compensación (ALyC) n° 109/CNV
Agente de Colocación y Distribución Integral de Fondos Comunes de Inversión (ACyDI FCI) n°45/CNV.
Miembro de A3 Mercados S.A., MAV S.A. y Bolsas y Mercados Argentinos S.A. (ByMA).

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Feragatname

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Korumalı komut dosyası

Bu komut dosyası kapalı kaynak olarak yayınlanmaktadır. Ancak, ücretsiz ve herhangi bir sınırlama olmaksızın kullanabilirsiniz – daha fazla bilgiyi buradan edinebilirsiniz.

Eco Valores

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