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Latest Activity Data Ahead Of Estimates

COLOMBIA
  • Economic activity in May rose 13.6% y/y (estimate +11.0%) in May versus revised +29% in April, according to The National Administrative Department of Statistics (Dane).
  • Price action in crude futures continuing to weigh on the Colombian Peso, currently down 1.16%, broadly in line with regional losses.
  • COP IBR swap rates down between 7-9 basis points across the curve in line with belly and longer end treasury yields.

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