Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Peru Sol Bonds Gain on Bets Humala to Pursue Pro-Growth Policies

Peruvian sol bonds advanced, trimming yields to a three-month low, on speculation President-elect Ollanta Humala will back policies designed to lure investment and spur growth.

The yield on the nation’s benchmark 7.84 percent sol-denominated bond due August 2020 dropped three basis points, or 0.03 percentage point, to 6.27 percent, according to data compiled by Bloomberg. The bond’s price rose 0.24 centimo to 110.75 centimos per sol, the highest since March 18.

Humala will probably name Kurt Burneo finance minister and he’ll be “well-accepted” by investors, BNP Paribas economist Italo Lombardi wrote in a July 1 report. Burneo is a former deputy finance minister under President Alejandro Toledo and a one-time director at the central bank. Toledo told reporters yesterday in Lima his party will provide political and technical support for Humala’s government.

“Peruvian assets have been benefitting from a better view on Humala and the positive signals that he’s giving to markets,” said Daniel Chodos, an emerging markets strategist at Credit Suisse Securities in New York. Humala has “in some way assured markets the new government is likely to be more centrist than originally expected.”

Humala said July 1 that he’ll announce cabinet posts “at the right moment” and said reports that he has decided on any appointments are “speculation.”

The sol was little changed at 2.7490 per U.S. dollar, from 2.7500 yesterday, according to Deutsche Bank AG’s local unit.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.