Economic Calendar

Friday, August 1, 2008

Brazil, Colombia, Peru: Latin America Bond, Currency Preview

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By Jamie McGee

Aug. 1 (Bloomberg) -- The following events and economic reports may influence trading in Latin American local bonds and currencies today. Bond yields and exchange rates are from a previous session.

Brazil: Industrial output increased 6.5 percent in June from a year earlier, compared with a 2.4 percent gain in May, according to the median estimate of 29 economists in a Bloomberg survey.

The Instituto Braileiro de Geografia e Estatistica (IBGE) is scheduled to release the data at 8 a.m. New York time.

The real fell 0.2 percent to 1.5654 per dollar.

The yield on the country's zero-coupon bonds due January 2010 rose 5 basis points, or 0.06 percentage point, to 14.91 percent, according to Bloomberg pricing.

Colombia: Consumer prices rose 0.53 percent in July, compared with a 0.86 percent increase in June, according to the median estimate of 37 economists in a Bloomberg survey.

The state statistics agency is scheduled to release the data today in Bogota.

The peso fell 0.6 percent to 1,794 per dollar.

The yield on Colombia's benchmark 11 percent bonds due in July 2020 rose 5 basis points, or 0.05 percentage point, to 12.42 percent, according to Colombia's stock exchange.

Peru: Consumer prices increased 5.78 percent in the 12 months through July, compared with a 5.71 percent increase in June, according to the median estimate of eight economists surveyed by Bloomberg News.

The National Institute of Statistics is slated to release the data at 10:30 a.m. New York time.

The sol rose 0.6 percent to 2.8110 per U.S. dollar.

The yield on the nation's 8.6 percent sol-denominated bonds due in August 2017 was unchanged at 7.68 percent according to Citigroup Inc.'s unit in Peru.

-- Editor: Dave Liedtka

To contact the reporter on this story: Jamie McGee in New York at jmcgee8@bloomberg.net


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