Peru Dollar Bonds Gain as Fujimori Rises in Presidential Poll
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Peru’s dollar bonds rose, pushing down the average yield gap over U.S. debt to a one-month low, after a poll showed support for Congresswoman Keiko Fujimori increased as she and former army officer Ollanta Humala remained locked in a virtual tie before June’s run-off presidential election.
The extra yield investors demand to own Peru government bonds instead of U.S. Treasuries fell five basis points, or 0.05 percentage point, to 185 at 4:44 p.m. New York time, according to JPMorgan Chase & Co. That’s the lowest since April 13.