Nov. 30 (Bloomberg) -- RBS Securities Inc. is recommending investors pay Chilean swap rates as a bet the central bank won’t lower its benchmark interest rate in December.
The two-year swap rate may rise toward 4.5 percent and eventually reach 4.72 percent, Siobhan Morden, a Latin America strategist at RBS, wrote in a note to clients. The rate climbed six basis points to 4.26 percent today, according to data compiled by Bloomberg.
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