Peruvian Sol Bonds Rise After ECB Extends Stimulus Measures

Peruvian sol bond prices rose, pushing down yields the most in almost two weeks, amid higher appetite for risk after the European Central Bank delayed its withdrawal of emergency liquidity measures.

The yield on Peru’s benchmark 7.84 percent sol-denominated bond due August 2020 fell 4 basis points, or 0.04 percentage point, to 5.94 percent, according to Deutsche Bank AG’s local unit. That’s the biggest fall in yields since Nov. 19. The bond’s price rose 0.31 centimos to 113.83 centimos per sol.

The sol was little changed at 2.8255 per U.S. dollar, from 2.8265 yesterday.

The central bank didn’t buy or sell dollars in the foreign exchange market or issue certificates of deposit redeemable in dollars.

To contact the reporter on this story: John Quigley in Lima at jquigley8@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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