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LATAM
  • MEXICO - In a dull second half of the session, the Peso maintained it's gains for the day, USDMXN down 1.25%. TIIE swap rates were lower between 3-5 basis points in line with Peso gains.
  • BRAZIL - BRL led global performance, with USDBRL hovering marginally above session lows at 5.35, down 1.73%. Some renewed optimism saw an extension of the bull flattening in the DI curve with 10-year swaps rates 11 basis points lower.
  • CHILE - After briefly closing the opening gap and making new highs from yesterday at 738.55, USDCLP remained heavy through the late session and closed down 0.75% on the day at 731.33.
  • COLOMBIA - The Colombian Peso followed suit gaining 1.09% at 3530.27. Colombian swaps were also 2-4 bps lower in line with Peso gains.
  • A particularly light data calendar for Latin America with no major releases tomorrow or Thursday should see local assets trade in line with broader global developments.

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