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Higher US yields Contributing To Further Pressure In Latam Swap Rates

LATAM

LatAm Swaps Curves: Higher US yields contributing to further pressure in Latam swap rates, with Mexican and Colombian curves bear steepening. COP (down 1.07%) feeling the brunt of the pressure and lower oil prices, whereas the Mexican Peso proving it's resilience. Chilean Peso Camara swap yields fairly steady heading into BCCh decision later.

  • Mexico TIIE Swaps:
    • 1-yr +4.5 bps at 4.71%
    • 2-yr +10 bps at 5.29%
    • 5-yr +15 bps at 6.3%
    • 10-yr +17 bps at 7.06%
    • 32-yr +18 bps at 7.845%
  • Colombia IBR Swaps:
    • 1-yr +5.75 bps at 2.3025%
    • 2-yr +6 bps at 3.01%
    • 5-yr +9.5 bps at 4.58%
    • 10-yr +14 bps at 5.6%
  • Chile Camara Swaps:
    • 2-yr +1 bps at 1.38%
    • 5-yr +3 bps at 2.47%
    • 10-yr +3 bps at 3.41%

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