Colombia Yields Rise to 6-Month High as Rain Drives CPI Concern
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Colombia’s peso bonds fell, pushing yields to their lowest level in six months, amid speculation heavier-than-normal rainfall will stoke inflation in the South American country.
Local banks are also likely selling the peso securities, known as TES, as they offer more loans, according to Daniel Lozano, an analyst at brokerage Serfinco SA in Bogota.