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Rates Snapshot: TIIE Swap Curve Extends Strength

LATAM
  • Despite the slightly lower Mexican peso, TIIE swap rates extending yesterday's strength, mirrored by a lower Colombian IBR curve. Chilean Camara curve broadly unchanged. Focus turns to Mexico and Chile CPI data both released tomorrow.
  • Mexico TIIE Swaps:
    • 2-yr -8.5 bps at 4.88%
    • 5-yr -15 bps at 5.71%
    • 10-yr -13 bps at 6.52%
    • 32-yr -12.5 bps at 7.3%
  • Chile Camara Swaps:
    • 2-yr -2 bps at 1.41%
    • 5-yr +0 bps at 2.51%
    • 10-yr +2 bps at 3.38%
  • Colombia IBR Swaps:
    • 1-yr -5.5 bps at 2.18%
    • 2-yr -8.5 bps at 2.85%
    • 5-yr -11 bps at 4.25%
    • 10-yr -11 bps at 5.24%

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