Free Trial

COP IBR Front-End Swaps Rise Close to 50BPs, Confidence Data Due

COLOMBIA
  • The front-end of the IBR swaps curve came under significant pressure yesterday, rising close to 50bps following the above consensus inflation readings over the weekend.
    • As a reminder, JPMorgan continue to argue the prevailing backdrop for inflation is consistent with BanRep needing to deliver an unprecedented 150bp hike at the March 31 meeting, to take the policy rate to 5.5
  • Fedesarrollo publishes consumer confidence data for February, where economists surveyed by Bloomberg expect a drop to -15.1 from -13.5 in January.
    • In a note from Itaú - confidence will continue to be hurt by higher inflation, electoral uncertainty and the effects of the war in Ukraine.

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.