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Colombian Peso Joins Chilean Counterpart As Worst Performers


At the top of the hour:

  • 1500GMT/1000ET Colombia Urban Unemployment Rate (Est 19.2%)

The Colombian Peso joins its Chilean counterpart as the worst performing currency in the region as risk sentiment weighs on the commodities space. The Bloomberg commodity index resides down 1.25% and WTI crude futures have seen a similar move to the downside. The Colombian Peso's is potentially catching up following yesterdays relative outperformance. The local swaps curve is bear steeper once more:

Colombia Swaps:

  • - 1-yr -2 bps at 1.89%
  • - 2-yr +1 bps at 2.52%
  • - 5-yr +4.5 bps at 3.92%
  • - 10-yr +7.5 bps at 5.01%

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