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Emerging MarketsEM LatAm

Peru sees local currency reverse enquiry despite Fitch action

Peru, Lima, Miraflores, bridge, electricity, lights, LatAm, 575

Bond buyers are showing interest in Peru’s nuevo sol denominated paper amid a sharp increase in EM risk appetite, according to the government’s public treasury director, even as Fitch downgraded the sovereign’s local currency debt rating last week.

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