Colombia Peso Bonds Post Weekly Gain on Paired Inflation Bets
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Colombia’s peso bonds posted their biggest weekly gain since October, pushing yields lower, as investors paired bets on quickening November inflation.
The yield on the government’s benchmark 11 percent bonds due 2020 dropped four basis points today and 15 basis points in the last week, or 0.15 percentage point, to 7.38 percent at 2:20 p.m. New York time, according to Colombia’s stock exchange. That’s its biggest decline since the week ended Oct. 8. The bond’s price climbed 1.102 centavo in the past week to 124.305 centavos per peso.