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Index Inclusion Sparks Trading Volume Surge In 2028 BTPs

CHILE

JPMorgan have said they will include Chile's BTP 2028s in its GBI-EM index. They noted the inclusion to come into effect Nov. 30 increasing Chile's weight on GBI-EM index by 6bps to 2.66%.

  • Trading in the bond on the Santiago exchange soared to CLP34b today from CLP11.2b on Monday.
  • Yield was unchanged at 2.36% from Monday.
  • For reference on Nov 19 - Treasury issued $1.37b of benchmark 2.3% coupon 2028 peso-denominated bonds at 2.5% yield.

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