Peru Bonds Rebound as Credit Suisse Recommends Buying Debt
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Peruvian dollar bonds gained as Credit Suisse AG and RBS Securities Inc. recommended the notes after the debt tumbled yesterday following the election of ex-military rebel Ollanta Humala.
The extra yield investors demand to own Peruvian bonds instead of U.S. Treasuries declined 17 basis points, or 0.17 percentage point, to 197 at 5:51 p.m. in New York, according to JPMorgan Chase & Co. The yield gap soared 23 basis points yesterday, the biggest one-day jump since May 2010, on concern that Humala will fulfill pledges he made early in the presidential campaign to boost government control of natural resources and increase mining royalties.