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Reported 2-Way Flows In COP Amid Retreating Oil Prices

COLOMBIA

Colombia's IBR swaps curve bull flattened yesterday with swap rates retracing Monday's shift higher. Desks noted 2-way flows in COP, with investors torn between the retreating oil prices and more positive sentiment for EMFX, evident by the JPMorgan EM Ccy Index rallying around 1%.

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