Chile and Brazil: Latin American Bond and Currency Preview
By Drew Benson
Dec. 16 (Bloomberg) -- The following events and economic reports may influence trading in Latin American local bonds and currencies today. Bond yields and exchange rates are from the previous day’s session.
Chile: The central bank kept its benchmark interest rate at a record low of 0.5 percent, in line with the forecasts of all 22 economists surveyed by Bloomberg News. Policymakers released the decision after market close yesterday.
The peso slid 0.5 percent to 498.95 per U.S. dollar.
The yield for a basket of Chile’s 10-year peso bonds in inflation-linked currency units, called unidades de fomento, slid three basis points, or 0.03 percentage point, to 3.34 percent, according to Bloomberg composite prices.
Other prices in Latin American markets:
Brazil: The real slid 0.3 percent to 1.752 per dollar.
The yield on Brazil’s zero-coupon, real-denominated bond due in January 2010 rose three basis points to 8.69 percent, according to Bloomberg prices.
Mexico: The peso climbed 0.3 percent to 12.6939 per dollar.
The yield on Mexico’s 10 percent bond due December 2024 rose two basis points to 8.15 percent, according to Banco Santander SA.
Argentina: The peso slid 0.2 percent to 3.8124 per dollar.
The yield on the country’s inflation-linked peso bonds due in December 2033 rose 11 basis points to 10.43 percent, according to Citigroup Inc.’s local unit.
Colombia: The peso slid 0.6 percent to 2,001.7 per dollar.
The yield on Colombia’s 11 percent bonds due in July 2020 rose 22 basis points to 8.37 percent, according to Colombia’s stock exchange.
Peru: The sol was little changed at 2.8715 per dollar.
The yield on Peru’s 8.6 percent bond maturing August 2017 climbed four basis points to 5.03 percent, according to Citigroup Inc.’s unit in Lima.
To contact the reporter on this story: Drew Benson in Buenos Aires at abenson9@bloomberg.net
Last Updated: December 15, 2009 22:00 EST
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