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

Colombia Bond Yields Fall on Forecasts for Slowing Inflation

Colombia’s peso bonds gained for a fourth day as speculation that inflation slowed in July buoyed demand for fixed-rate securities.

The yield on the government’s 10 percent peso-denominated debt due in 2024 fell six basis points, or 0.06 percentage point, to 6.60 percent, according to the central bank. The bond’s price rose 0.55 centavo to 127.525 centavos per peso.

Today’s rally extended the decline in yields on the benchmark bonds to 17 basis points since the central bank unexpectedly cut interest rates a quarter percentage point to 5 percent on July 27. Annual inflation slowed to 3.11 percent in July from 3.2 percent the previous month, according to the median forecast of 24 economists in a Bloomberg survey. The national statistics agency is slated to release figures Aug. 4.

“After the rally following the rate cut, inflation bets continue to help bonds,” said Jorge Cardozo, an analyst at Bogota-based brokerage Corredores Asociados SA. “Declines in food prices will probably drive inflation lower.”

The peso weakened 0.2 percent to 1,790.50 per U.S. dollar, paring its gain this year to 8.3 percent, still the best performance among all currencies tracked by Bloomberg.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.