Free Trial

Rates Snapshot: Camara Curve Relief Amid Conservative Polls Boost

LATAM
  • Noted earlier Chile's conservative candidate Jose Antonio Kast rose to a statistical tie with Gabriel Boric in the latest Cadem Poll. In another by Activa, he is closing in on the leftist contender, with the share of votes rising from 14% to 16.3%, just one month before the highly contested presidential vote.
  • Despite the rising US yields with Brazilian and Mexican swap rates following suit, the Camara curve has shifted lower by between 4-7 basis points amid a relatively strong performance for the Chilean Peso (+0.45%). Additionally, Chile's IPSA Index is up 52.29 points (1.31%) at 4034.47.
  • Chile Camara Swaps:
    • 1-yr -7 bps at 5.00%
    • 2-yr -7 bps at 5.28%
    • 5-yr -4 bps at 5.64%
    • 10-yr -5 bps at 5.96%
    • 30-yr -6 bps at 6.49%
  • Brazil DI Swaps:
    • Jan '23 +5bps at 9.33%
    • Jan '26 +6 bps at 10.45%
    • Jan '31 +7 bps at 11.06%
  • Mexico TIIE Swaps:
    • 2-yr +12 bps at 6.88%
    • 5-yr +9 bps at 7.35%
    • 10-yr +6 bps at 7.6%

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.