Free Trial

Rates Snapshot - Pressure On Front-End Colombia Yields Following CPI Data

LATAM
  • LatAm Rates Snapshot: Mexico and Chile local swaps curves bear steepening in line with moves in US yields. Particular pressure exacerbated in the Camara curve with sustained pressure on the Chilean peso. Outlier comes in Colombia where the IBR swaps curve is seen bear flatter. Pressure in the front-end following the above expectation CPI data over the weekend prompting some analysts to call for more aggressive action at the September 30 meeting where policy lift-off is likely to take place.
  • Mexico TIIE Swaps:
    • 2-yr +4 bps at 5.92%
    • 5-yr +8 bps at 6.59%
    • 10-yr +9 bps at 7.06%
  • Chile Camara Swaps:
    • 2-yr +3 bps at 3.81%
    • 5-yr +5 bps at 4.37%
    • 10-yr +6 bps at 4.82%
  • Colombia IBR Swaps:
    • 1-yr +11bps at 3.48%
    • 2-yr +11bps at 4.29%
    • 5-yr +9 bps at 5.31%
    • 10-yr +4 bps at 6.04%

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.