Colombian Bonds Slide as Transfers Bill Stokes Fiscal Fears
- Senate passed reform to hike government transfers to regions
- Investors, officials have voiced concern over sustainability
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Colombian dollar bonds fell Wednesday after the Senate approved a bill that increases central government transfers to regions, stoking concern over the country’s already fragile fiscal outlook.
Notes maturing in 2053 slid 0.7 cents to 102.8 cents on the dollar, according to indicative pricing data compiled by Bloomberg. Meanwhile, the peso weakened for a fourth straight day, dropping as much as 0.8% and hovering around its lowest levels since October 2023.