Colombian bonds flat on historic peace announcement with tax reform in focus

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Colombian bonds flat on historic peace announcement with tax reform in focus

colombia, peace, Farc
Ivan Marquez, chief negotiator of the Revolutionary Armed Forces of Colombia, left, gestures as Cuban Foreign Minister Bruno Rodriguez, center, applauds, while Humberto de La Calle, right, head of Colombia's government peace negotiation team looks on, after signing an agreement in Havana, Cuba, Wednesday, August 24, 2016. Colombia's government and the country's biggest rebel group reached a deal for ending a half-century of hostilities in what has been one of the world's longest-running armed conflicts. (AP Photo/Ramon Espinosa) | Ramon Espinosa/AP/Press Association Images

Colombia’s dollar bonds did not budge on Wednesday after the announcement of a successful conclusion of four years of peace talks, but investors and analysts said the news was crucial for the approval of a tax reform needed for the sovereign to maintain its credit rating.

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