MNI BRIEF: EU Will Prioritise Local Firms In Rearming - VDL

MNI: Canada CPI Rise Is Broader Than End Of Sales Tax Break

test headline

MNI China Daily Summary: Tuesday, March 18

MNI BRIEF: China Electricity Demand Up In February

MNI BRIEF: Beijing Industrial Value Added Up In Jan Feb

EZ/UK T-Bill Calendar: Portugal, EU Auction on Wednesday

EZ/UK Bond Supply Calendar: 30-Year Bunds On Offer Wednesday

MNI: US FEB INDUSTRIAL PROD +0.7%; CAP UTIL 78.2%

GERMANY: Handelsblatt Report on Lingering Uncertainties Ahead of Bundestag

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

LATAM: Colombia OBR Swaps Curve Shifts Higher Amid Finance Minister Concerns

LATAM
BulletEM BulletEmerging Market News
  • Ahead of tomorrow’s Copom meeting, Brazilian DI swap rates have extended the move lower in the belly and long-end of the curve, with yields down by 8-9bp in a bull-flattening move. Yields around the 3-5-year segment have now fallen by over 80bp MTD.
  • The BCB is widely expected to deliver a further 100bp hike tomorrow, with focus on the guidance provided for subsequent meetings. See the full MNI preview here.
  • Earlier, the government announced its income tax exemption plans, which Finance Minister Haddad said would be fiscally neutral. Meanwhile, the Finance Ministry’s Executive Secretary, Dario Durigan, said that if Congress changes the compensation proposed for the tax reform, the government would come up with other alternatives.
  • The revenue loss with the exemption in 2026 will be BRL 25.8bn and the taxation for the richest will bring in BRL 34.1bn, he said.
  • Elsewhere, Chile camara swap rates have slightly underperformed, with yields up by around 4bp after robust Q4 GDP data support expectations for an extended BCCh pause. The central bank is expected to stay on hold at 5% this Friday.
  • Meanwhile, Colombia OBR swap rates have risen sharply, amid reports that Finance Minister Guevara is set to step down after only three months in the role. Yields have spiked by over 20bp after the unexpected news, with reports suggesting he will be replaced by Grupo Bicentenario head German Avila Plazas.
226 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Ahead of tomorrow’s Copom meeting, Brazilian DI swap rates have extended the move lower in the belly and long-end of the curve, with yields down by 8-9bp in a bull-flattening move. Yields around the 3-5-year segment have now fallen by over 80bp MTD.
  • The BCB is widely expected to deliver a further 100bp hike tomorrow, with focus on the guidance provided for subsequent meetings. See the full MNI preview here.
  • Earlier, the government announced its income tax exemption plans, which Finance Minister Haddad said would be fiscally neutral. Meanwhile, the Finance Ministry’s Executive Secretary, Dario Durigan, said that if Congress changes the compensation proposed for the tax reform, the government would come up with other alternatives.
  • The revenue loss with the exemption in 2026 will be BRL 25.8bn and the taxation for the richest will bring in BRL 34.1bn, he said.
  • Elsewhere, Chile camara swap rates have slightly underperformed, with yields up by around 4bp after robust Q4 GDP data support expectations for an extended BCCh pause. The central bank is expected to stay on hold at 5% this Friday.
  • Meanwhile, Colombia OBR swap rates have risen sharply, amid reports that Finance Minister Guevara is set to step down after only three months in the role. Yields have spiked by over 20bp after the unexpected news, with reports suggesting he will be replaced by Grupo Bicentenario head German Avila Plazas.