Chile bonds stable on referendum result but uncertainty lingers

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Chile bonds stable on referendum result but uncertainty lingers

Chile, constitution, referendum, plebiscite, protests, social unrest, LatAm, 575
People gather at Plaza Baquedano on the day Chileans voted in a referendum to decide whether the country should replace its 40-year-old constitution, written during the dictatorship of Gen. Augusto Pinochet, in Santiago, Chile, Sunday, Oct. 25, 2020 (Photo by Pablo Rojas Madariaga/NurPhoto) | Pablo Rojas Madariaga/NurPhoto/PA Images

Chile's sovereign dollar bonds hardly budged in Monday trading despite its electorate voting to change the country's constitution the night before. But analysts believe uncertainty along the road to a new political agreement could harm investment, and the new constitution will likely drive up government spending.

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