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

Bloomberg Customers

Colombia Bond Yields Rise Most This Month on Interest-Rate View

Colombia’s peso bond yields rose the most in September as investors pared bets policy makers will cut borrowing costs after a report showed the economy grew in the second quarter faster than forecast.

The yield on Colombia’s 6 percent peso-denominated debt due in April 2013 increased five basis points, or 0.05 percentage point, to 4.73 percent, according to the central bank. That is the biggest advance since Aug. 29. The yield was up nine basis points for the week.

“There’s no pressure to cut interest rates at the next meeting,” said Daniel Lozano, the head analyst at Serfinco SA brokerage in Bogota. “The bond curve is flattening as people see the central bank keeping rates unchanged at least for a few more months.”

Colombia’s economy grew 4.9 percent in the second quarter from a year earlier, the national statistics agency said yesterday. The median forecast of 29 economists surveyed by Bloomberg was for growth of 4.2 percent.

The central bank cut the target rate in August for a second straight month, lowering it by a quarter-percentage point to 4.75 percent. Banco de la Republica will next decide on monetary policy on Sept. 28.

The peso depreciated 0.2 percent to 1,798.35 per U.S. dollar, paring its rally in 2012 to 7.8 percent. The currency is down 0.3 percent this week.

Colombia’s economy may see Asia-like growth of 6 percent to 7 percent “for decades” if the government strikes a peace deal with Marxist rebels in soon-to-begin negotiations, Finance Minister Mauricio Cardenas said.

A deal with guerrillas of the Revolutionary Armed Forces of Colombia, or FARC, may open the country’s eastern plains to Brazilian-style agribusiness and divert tax revenue from security and defense spending to more productive use, Cardenas said in an interview at his Bogota office.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.