BONOS SOBERANOS A TASA FLOTANTE - ARGENTINA							
"Schefer, Ricardo  ""Retorno y riesgo hist¢rico de bonos soberanos y tasas de inter‚s "","							
"An lisis - Centro de An lisis Aplicado de la Universidad del CEMA, a¤o VII No.42, noviembre 2005"							

				prima			prima aditiva
				mutiplicativa			TIR - ((1+LIBOR180/2)^2-1)
				p=(1+ytm)/(1+libor/2)^2 -1			

28-Feb-81		1.00		-1.4			-1.6
31-Mar-81		1.03		-1.8			-2.1
30-Apr-81		1.01		-1.0			-1.2
31-May-81		1.03		-1.4			-1.7
30-Jun-81		0.98		0.5			0.5
31-Jul-81		1.03		-1.2			-1.4
31-Aug-81		1.02		-0.4			-0.5
30-Sep-81		1.00		0.3			0.4
31-Oct-81		1.07		-1.1			-1.3
30-Nov-81		1.16		-3.0			-3.4
31-Dec-81		1.03		0.6			0.7
31-Jan-82		1.08		-0.4			-0.4
28-Feb-82		1.03		1.4			1.6
31-Mar-82		1.12		-0.6			-0.7
30-Apr-82		1.50		-6.7			-7.7
31-May-82		1.65		-8.4			-9.6
30-Jun-82		0.97		4.7			5.5
31-Jul-82		0.97		5.3			6.1
31-Aug-82		0.98		5.2			5.9
30-Sep-82		0.93		7.1			8.0
31-Oct-82		0.93		7.1			7.9
30-Nov-82		0.92		7.5			8.3
31-Dec-82		0.98		6.1			6.8
31-Jan-83		1.06		4.1			4.5
28-Feb-83		1.12		3.4			3.8
31-Mar-83		1.09		4.4			4.9
30-Apr-83		1.14		3.4			3.8
31-May-83		1.15		3.5			3.8
30-Jun-83		1.15		3.9			4.3
31-Jul-83		1.04		7.4			8.2
31-Aug-83		1.01		8.7			9.6
30-Sep-83		0.95		11.2			12.4
31-Oct-83		0.93		12.4			13.7
30-Nov-83		1.16		5.6			6.1
31-Dec-83		1.14		6.7			7.4
31-Jan-84		1.15		6.7			7.4
29-Feb-84		1.11		8.8			9.8
31-Mar-84		1.12		9.1			10.1
30-Apr-84		1.05		12.3			13.7
31-May-84		1.07		12.7			14.3
30-Jun-84		1.13		11.4			12.8
31-Jul-84		1.26		7.7			8.7
31-Aug-84		1.25		7.8			8.8
30-Sep-84		1.33		6.0			6.7
31-Oct-84		1.37		5.1			5.7
30-Nov-84		1.38		5.2			5.7
31-Dec-84		1.34		6.7			7.3
31-Jan-85		1.39		5.4			5.9
28-Feb-85		1.50		3.6			3.9
31-Mar-85		1.41		6.2			6.8
30-Apr-85		1.32		9.0			9.8
31-May-85		1.29		10.4			11.3
30-Jun-85		1.34		9.2			10.0
31-Jul-85		1.20		10.5			11.4
31-Aug-85		1.48		5.4			5.8
30-Sep-85		1.53		5.0			5.4
31-Oct-85		1.45		6.5			7.0
30-Nov-85		1.46		6.6			7.1
31-Dec-85		1.41		7.9			8.6
31-Jan-86		1.51		6.4			6.9
28-Feb-86		1.50		6.8			7.3
31-Mar-86		1.50		7.1			7.7
30-Apr-86		1.51		6.9			7.4
31-May-86		1.52		7.1			7.6
30-Jun-86		1.68		4.8			5.1
31-Jul-86		1.63		5.9			6.3
31-Aug-86		1.63		6.0			6.3
30-Sep-86		1.59		6.9			7.3
31-Oct-86		1.64		6.4			6.7
30-Nov-86		1.71		5.3			5.7
31-Dec-86		1.64		7.2			7.6
31-Jan-87		1.60		8.3			8.9
28-Feb-87		1.69		6.9			7.4
31-Mar-87		1.71		7.0			7.4
30-Apr-87		1.78		6.2			6.6
31-May-87		1.84		5.6			6.1
30-Jun-87		1.87		5.1			5.5
31-Jul-87		1.79		6.8			7.3
31-Aug-87		1.69		9.5			10.2
30-Sep-87		1.66		11.1			12.0
31-Oct-87		1.77		9.3			10.1
30-Nov-87		1.71		11.1			11.9
31-Dec-87		1.65		13.3			14.4
31-Jan-88		1.57		15.9			17.1
29-Feb-88		1.67		13.9			14.9
31-Mar-88		1.74		13.0			13.9
30-Apr-88		1.79		12.6			13.5
31-May-88		1.90		10.6			11.4
30-Jun-88		2.11		8.1			8.8
31-Jul-88		2.16		8.0			8.6
31-Aug-88		2.16		8.5			9.3
30-Sep-88		1.99		11.0			12.0
31-Oct-88		1.93		12.5			13.6
30-Nov-88		2.11		10.3			11.2
31-Dec-88		1.99		12.9			14.2
31-Jan-89		1.98		13.8			15.2
28-Feb-89		1.90		16.3			18.0
31-Mar-89		1.94		16.2			17.9
30-Apr-89		1.69		22.6			25.0
31-May-89		1.57		26.9			29.5
30-Jun-89		1.98		17.2			18.8
31-Jul-89		2.04		16.5			17.9
31-Aug-89		2.14		15.2			16.6
30-Sep-89		2.58		9.2			10.0
31-Oct-89		2.77		7.2			7.8
30-Nov-89		2.53		10.7			11.7
31-Dec-89		2.38		13.7			14.8
31-Jan-90		1.90		25.4			27.6
28-Feb-90		1.66		29.4			31.9
31-Mar-90		1.27		43.5			47.3
30-Apr-90		2.09		23.0			25.0
31-May-90		2.38		19.0			20.7
30-Jun-90		2.33		19.6			21.2
31-Jul-90		2.85		14.1			15.3
31-Aug-90		2.94		13.9			15.1
30-Sep-90		2.98		14.4			15.5
31-Oct-90		2.81		17.1			18.5
30-Nov-90		2.97		16.2			17.5
31-Dec-90		2.94		15.0			16.2
31-Jan-91		2.81		17.1			18.4
28-Feb-91		2.80		17.7			18.9
31-Mar-91		3.06		15.6			16.7
30-Apr-91		3.55		11.5			12.2
31-May-91		3.84		9.6			10.2
30-Jun-91		3.65		10.5			11.2
31-Jul-91		3.64		11.0			11.7
31-Aug-91		5.11		1.8			1.9
30-Sep-91		4.38		6.1			6.4
31-Oct-91		4.47		5.7			6.0
30-Nov-91		4.38		6.4			6.7
31-Dec-91		4.37		6.6			6.9
31-Jan-92		4.46		6.2			6.5
29-Feb-92		4.46		6.5			6.8
31-Mar-92		4.56		6.1			6.4
30-Apr-92		4.69		5.5			5.7
31-May-92		4.69		5.6			5.9
30-Jun-92		4.68		5.8			6.1
31-Jul-92		4.58		6.7			7.0
31-Aug-92		4.58		7.0			7.2
30-Sep-92		4.60		7.1			7.3
31-Oct-92		4.59		7.5			7.8
30-Nov-92		4.49		8.8			9.1
31-Dec-92		4.54		8.6			8.9
31-Jan-93		4.58		8.5			8.8
28-Feb-93		4.65		8.3			8.6
31-Mar-93		4.90		6.8			7.1
30-Apr-93		5.12		5.6			5.8
31-May-93		3.87		7.8			8.1
30-Jun-93		4.38		6.4			6.6
31-Jul-93		4.51		6.1			6.3
31-Aug-93		4.60		5.9			6.1
30-Sep-93		4.84		5.5			5.7
31-Oct-93		5.19		4.6			4.7
30-Nov-93		5.49		3.8			4.0
31-Dec-93		5.79		3.1			3.2
31-Jan-94		5.79		3.2			3.3
28-Feb-94		5.35		4.6			4.7
31-Mar-94		4.78		6.6			6.8
30-Apr-94		4.89		6.4			6.7
31-May-94		5.37		5.0			5.3
30-Jun-94		4.56		8.2			8.6
31-Jul-94		5.02		6.6			7.0
31-Aug-94		5.30		5.8			6.1
30-Sep-94		5.20		6.1			6.4
31-Oct-94		5.08		6.8			7.2
30-Nov-94		4.87		8.0			8.5
31-Dec-94		4.59		9.8			10.5
31-Jan-95		4.24		12.0			12.8
28-Feb-95		4.02		13.5			14.4
31-Mar-95		3.48		17.3			18.4
30-Apr-95		4.39		11.9			12.6
31-May-95		4.88		9.6			10.2
30-Jun-95		4.55		11.5			12.1
31-Jul-95		4.70		11.0			11.7
31-Aug-95		4.70		11.4			12.0
30-Sep-95		4.74		11.4			12.1
31-Oct-95		4.59		12.6			13.3
30-Nov-95		5.16		10.0			10.5
31-Dec-95		5.61		8.3			8.7
31-Jan-96		6.18		6.2			6.5
29-Feb-96		5.69		8.3			8.7
31-Mar-96		5.87		7.8			8.3
30-Apr-96		6.20		6.8			7.2
31-May-96		6.43		6.2			6.6
30-Jun-96		6.50		6.2			6.6
31-Jul-96		6.24		7.5			7.9
31-Aug-96		6.49		6.7			7.1
30-Sep-96		7.04		4.8			5.1
31-Oct-96		6.97		5.3			5.5
30-Nov-96		7.22		4.6			4.8
31-Dec-96		7.43		4.1			4.3
31-Jan-97		7.68		3.5			3.7
28-Feb-97		7.76		3.4			3.6
31-Mar-97		7.67		3.8			4.0
30-Apr-97		7.81		3.6			3.8
31-May-97		7.98		3.3			3.4
30-Jun-97		8.26		2.6			2.7
31-Jul-97		8.44		2.2			2.3
31-Aug-97		8.46		2.3			2.4
30-Sep-97		8.51		2.2			2.3
31-Oct-97		7.82		4.6			4.9
30-Nov-97		8.14		3.7			4.0
31-Dec-97		8.16		3.9			4.1
31-Jan-98		8.22		3.9			4.1
28-Feb-98		8.37		3.6			3.8
31-Mar-98		8.51		3.2			3.4
30-Apr-98		8.52		3.4			3.6
31-May-98		8.39		4.1			4.3
30-Jun-98		8.42		4.3			4.5
31-Jul-98		8.53		4.1			4.3
31-Aug-98		6.43		14.5			15.4
30-Sep-98		7.65		8.3			8.7
31-Oct-98		7.84		7.8			8.1
30-Nov-98		8.41		5.7			6.0
31-Dec-98		8.28		6.5			6.9
31-Jan-99		7.87		8.8			9.2
28-Feb-99		8.15		7.8			8.2
31-Mar-99		8.56		6.3			6.6
30-Apr-99		8.92		5.1			5.4
31-May-99		8.43		7.6			8.0
30-Jun-99		8.63		7.1			7.5
31-Jul-99		8.48		8.4			8.9
31-Aug-99		8.79		7.4			7.9
30-Sep-99		9.05		6.3			6.6
31-Oct-99		9.27		5.7			6.0
30-Nov-99		9.17		6.5			6.9
31-Dec-99		9.63		4.8			5.1
31-Jan-00		9.60		5.4			5.8
29-Feb-00		9.98		4.0			4.2
31-Mar-00		10.10		3.8			4.0
30-Apr-00		10.04		4.4			4.7
31-May-00		9.96		5.2			5.6
30-Jun-00		10.06		5.2			5.6
31-Jul-00		10.27		4.7			5.0
31-Aug-00		10.28		5.1			5.5
30-Sep-00		10.44		4.9			5.2
31-Oct-00		9.94		7.8			8.4
30-Nov-00		10.13		7.5			8.0
31-Dec-00		10.59		5.6			6.0
31-Jan-01		10.93		4.2			4.4
28-Feb-01		10.57		6.4			6.8
31-Mar-01		10.42		9.1			9.5
30-Apr-01		10.07		11.6			12.1
31-May-01		10.97		7.2			7.5
30-Jun-01		10.44		10.7			11.1
31-Jul-01		10.10		13.8			14.3
31-Aug-01		10.29		13.3			13.8
30-Sep-01		10.36		15.1			15.6
31-Oct-01		9.90		19.1			19.5
30-Nov-01		9.24		25.6			26.1
31-Dec-01		7.13		53.6			54.6
31-Jan-02		6.97					
28-Feb-02		5.84					
31-Mar-02		5.69					
30-Apr-02		5.46					
31-May-02		5.31					
30-Jun-02		5.35					
31-Jul-02		5.40					
31-Aug-02		5.23					
30-Sep-02		4.74					
31-Oct-02		3.90		16.9			17.2
30-Nov-02		4.34		15.0			15.2
31-Dec-02		3.81		17.2			17.4
31-Jan-03		3.99		16.9			17.2
28-Feb-03		4.24		15.1			15.3
31-Mar-03		4.06		16.7			16.9
30-Apr-03		5.05		12.0			12.2
31-May-03		4.87		13.5			13.6
30-Jun-03		5.32		10.5			10.6
31-Jul-03		5.14		11.9			12.0
31-Aug-03		5.47		11.3			11.5
30-Sep-03		5.65		10.2			10.3
31-Oct-03		5.33		12.2			12.4
30-Nov-03		5.31		12.4			12.5
31-Dec-03		5.74		10.6			10.7
31-Jan-04		5.87		10.0			10.1
29-Feb-04		5.93		10.0			10.1
31-Mar-04		6.26		9.1			9.2
30-Apr-04		6.02		10.5			10.6
31-May-04		5.97		11.4			11.6
30-Jun-04		6.18		10.4			10.6
31-Jul-04		6.22		10.9			11.1
31-Aug-04		6.51		8.8			8.9
30-Sep-04		6.89		8.2			8.4
31-Oct-04		7.04		7.7			7.8
30-Nov-04		7.32		6.2			6.3
31-Dec-04		7.90		4.7			4.9
31-Jan-05		7.92		4.8			4.9
28-Feb-05		8.24		3.2			3.3
31-Mar-05		7.98		5.1			5.3
30-Apr-05		7.83		5.8			6.0
31-May-05		8.26		3.9			4.0
30-Jun-05		8.38		3.5			3.6
31-Jul-05		8.54		3.1			3.2
31-Aug-05		8.57		3.5			3.7
30-Sep-05		8.79		2.8			2.9
31-Oct-05		8.48		3.9			4.1
30-Nov-05		8.65		3.5			3.7
31-Dec-05		8.51		4.2			4.4
31-Jan-06		8.74		3.3			3.4
28-Feb-06		9.15		2.3			2.5
31-Mar-06		9.25		2.5			2.6
30-Apr-06		9.40		2.1			2.2
31-May-06		9.23		3.0			3.1
30-Jun-06		9.37		2.7			2.9
31-Jul-06		9.46		2.4			2.5
31-Aug-06		9.44		2.4			2.5
30-Sep-06		9.41		2.7			2.8
31-Oct-06		9.61		2.2			2.3
30-Nov-06		9.61		2.4			2.5
31-Dec-06		9.77		2.0			2.1
31-Jan-07		9.60		1.8			1.9
28-Feb-07		9.89		2.0			2.1																								
31-Mar-07		9.95		2.0			2.1																								
30-Apr-07		10.07		1.8			1.9																								
31-May-07		10.16		1.7			1.7																								
30-Jun-07		10.14		2.1			2.2																								
31-Jul-07		9.94		3.2			3.4																								
31-Aug-07		9.63		4.7			5.0																								
30-Sep-07		9.88		4.1			4.3																								
31-Oct-07		10.02		3.8			4.0																								
30-Nov-07		9.75		5.3			5.6																								
31-Dec-07		9.89		4.9			5.2																								
31-Jan-08		9.55		3.8			4.0																								
29-Feb-08		9.00		5.8			6.0																								
31-Mar-08		8.81		7.2			7.5																								
30-Apr-08		8.78		8.2			8.4																								
31-May-08		8.87		7.6			7.8																								
30-Jun-08		8.81		8.9			9.2																								
31-Jul-08		8.38		8.8			9.1																								
31-Aug-08		8.83		10.4			10.7																								
30-Sep-08		5.36		23.0			23.8																								
31-Oct-08		3.03		69.2			73.1																								
30-Nov-08		4.09		42.8			44.9																								
31-Dec-08		4.52		49.1			50.9																								
31-Jan-09		4.78		34.2			35.0																								
28-Feb-09		4.58		41.4			42.5																								
31-Mar-09		4.09		60.0			61.5																								
30-Apr-09		4.35		53.8			55.0																								
31-May-09		4.11		35.6			36.3																								
30-Jun-09		3.98		22.8			23.2																								
31-Jul-09		4.29		20.1			20.4																								
31-Aug-09		4.42		19.2			19.4																								
30-Sep-09		4.99		11.6			11.7																								
31-Oct-09		5.23		11.2			11.3																								
30-Nov-09		5.17		12.2			12.2																								
31-Dec-09																															
31-Jan-10																															
28-Feb-10																															
31-Mar-10																															
30-Apr-10																															
31-May-10																															
30-Jun-10																															
31-Jul-10																															
31-Aug-10																															
30-Sep-10																															
31-Oct-10																															
30-Nov-10																															
31-Dec-10																															
31-Jan-11																															
28-Feb-11																															
31-Mar-11																															
30-Apr-11																															
31-May-11																															
30-Jun-11																															
31-Jul-11																															
31-Aug-11																															
30-Sep-11																															
31-Oct-11