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Colombian Assets Sell Off After Voters Reject Rebel Peace Accord

  • Peso drops the most in three weeks after surprise vote result
  • Bonds, stocks also fall as vote muddies outlook for tax reform
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Colombian Voters Reject Peace Accord With No Plan B

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Colombia’s peso fell the most in three weeks while stocks and bonds slid after the government unexpectedly failed to gain popular support for a peace deal that helped support a rally last quarter.

The currency weakened 1.9 percent to 2,939.15 per dollar at 8:59 a.m. in Bogota after citizens narrowly rejected a peace agreement between Colombia and Marxist guerrillas by 50.2 percent to 49.8 percent in a weekend ballot. The biggest Colombia stock ETF traded in the U.S. lost the most in almost a month, while the yield on local-currency bonds due in 2024 rose the most since July.