A ‘Hard-Leftist’ Leads Colombia’s Presidential Race
Gustavo Petro, presidential candidate for the Progressivists Movement Party, speaks during a campaign rally in Tunja, Boyaca department, Colombia, on Jan. 31, 2018.
Photographer: Nicolo Filippo Rosso/BloombergThis article is for subscribers only.
With Colombia’s presidential election just over three months away, a “hard leftist” former guerrilla is leading in polls, and investors haven’t yet fully woken up to the risk that he might win, according to Nomura.
When they do, the nation’s bonds and currency are likely to sell off, according to Mario Castro, a Latin America FX and Rates Strategist at Nomura in New York. Two polls published this month show Gustavo Petro in first place, while another has him running second.