Peru bondholders 'complacent' amid LatAm election super-cycle

Pedro Castillo, Peru, Peru Libre, elections, hat, LatAm, 575
By Oliver West
15 Apr 2021

Peruvian bonds barely moved this week after a shock in the first round of the country’s presidential elections on April 11, while Ecuador debt reacted spectacularly to a positive electoral surprise on the same day. Yet there are concerns about complacency towards risks in Peru, where a left-wing radical took most first-round votes, and Latin American bond buyers should brace for more volatility as the region faces an exceptionally busy election cycle.

After a ballot in which nine candidates received at least 5.5% of the votes, in the second round Pedro Castillo will face Keiko Fujimori — the daughter of former president Alberto Fujimori, who was jailed for human rights and graft offences. Keiko Fujimori is herself on bail for corruption ...

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