Chile dollar bonds slide as local yields spike after election shock

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Chile dollar bonds slide as local yields spike after election shock

Santiago de Chile, Chile, skyline, Andes, skyscraper, LatAm, 575
Aaerial view of Santiago skyline at sunset with Costanera skyscraper and Andes Mountains - Santiago, Chile | diegograndi - stock.adobe.com

After Chileans chose the delegates who will draft a new constitution, bond market participants appeared to be taken aback by the centre-right government’s poor performance. Chilean assets across the board slumped, with local rates hit harder than hard currency bonds.

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