Colombia’s peso bonds fell, pushing yields higher for a second day, on bets inflation will quicken this year as dry weather pushes food prices higher and the economy recovers from a recession.
The yield on the country’s 11 percent benchmark bonds due in July 2020 rose one basis point, or 0.01 percentage point, to 8.66% at 9:34AM New York time, according to Colombia’s stock exchange.
Colombia’s peso rose 0.2% to 1,960.88 per dollar from 1,965.15 yesterday. (Andrea Jaramillo / Bloomberg)