Peru Dollar Bonds Follow Treasuries Lower on U.S. Economic Data

Dec. 13 (Bloomberg) -- Peru’s dollar-denominated bonds fell, following U.S. Treasuries lower as a gain in U.S. retail sales damped the appeal of government securities as a haven.

The yield on Peru’s benchmark 6.55 percent bonds due in 2037 climbed two basis points, or 0.02 percentage point, to 3.73 percent at 4:04 p.m. in Lima, the highest level since Nov. 20, according to data compiled by Bloomberg. The bond’s price dropped 0.50 cent to 144.75 cents per dollar.

Retail sales rebounded in November and applications for jobless benefits fell more than analysts forecast last week, bolstering the growth outlook for the world’s largest economy.

The sol was little changed at 2.5640 per U.S. dollar, according to Deutsche Bank AG’s local unit. Peru’s central bank bought $80 million in the spot market today, paying an average 2.5653 soles per dollar.

To contact the reporter on this story: John Quigley in Lima at jquigley8@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net