Free Trial

IPSA Index Hits 6-Month High Following Election

CHILE
  • Despite the currency consolidating after the initial near 4% gap higher, Chilean equities have continued to gain as markets digest the results of yesterday's election.
  • The IPSA index has risen 9% to the best levels in six months, significantly taking out the mid -May highs just before the nation's election for the members of the Constitutional Convention, held between 15 and 16 May 2021.
  • Additionally, there has been a relief rally in the Camara curve, with long end swap rates falling roughly 30 basis points.
    • USDCLP down 2.83% at 806.63
    • Chile IPSA Index up 400.71 points (9.19%) at 4761.95
    • 10-yr -30 bps at 5.335%

MNI/Bloomberg

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.