BUENOS AIRES, June 12 (Reuters) - Argentina’s stock, bond and currency market trends on Friday.
* Prices for government bonds traded over-the-counter in Buenos Aires gained 3.3 percent on average, rising for a fourth consecutive day as investor appetite for risk increased.
* The 2014 Boden bonds denominated in dollars ARBODEN14D=RASL jumped 4.7 percent to an ask price of 15.60.
* Argentina’s debt spreads narrowed 100 basis points to 954 basis points over comparable U.S. Treasuries, according to JPMorgan’s EMBI+ 11EMJ, reaching their lowest value since October 2008. They hit a historic low of 180 basis points in early 2007.
* Investors were eager to find out the results of an auction to receive an early payment on the August coupon of dollar-denominated Boden 2012 bonds ARBODEN12D=RASL. Participants had until Friday at 1700 GMT to specify the discount they would be willing to accept in the deal.
* The Boden 2012 auction was aimed at showing the government’s ability and willingness to pay its debt.
* The MerVal stocks index .MERV dipped 0.89 percent to 1,654.56 points as investors took profits after three straight sessions of gains and as crude oil prices fell.
* The index is up 53 percent since the start of the year.
* Shares in Tenaris TENA.BA, which makes steel pipes for the energy industry and is weighted as almost half of the MerVal, shed 1.8 percent to 60.00 pesos per share.
* On the broad stock market, volume was weak at $9.8 million. Of active issues, 38 advanced, 29 declined and 9 were unchanged.
* In formal exchange between banks, the peso ended 0.13 percent weaker at 3.7625/3.7650 per dollar ARS=RASL amid private demand for greenbacks ahead of a June 28 mid-term election, in trade closely monitored by the central bank.
* In informal trade between foreign exchange houses, as measured by Reuters, the peso weakened 0.2 percent to 3.84/3.8450 ARSB=.
* Argentina’s financial markets will be closed on Monday in observance of a national holiday. (Reporting by Walter Bianchi; Writing by Hilary Burke; Editing by Kenneth Barry)