Colombia shrugs off protests to notch dollars
Investors saw Colombia’s decision to hit international bond markets on the day a national strike was planned as a statement of intent. But concerns over social unrest, or indeed a challenging fiscal outlook, paled into insignificance as yield hungry investors took the chance to buy into what remains an economic outperformer in Latin America.
On Tuesday, BBVA, Goldman Sachs and Scotiabank set initial price thoughts at 155bp over US Treasuries for Colombia’s new 10 year, and 200bp over US Treasuries for a reopening of the sovereign’s 5.2% 2049s.
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org