Brazil, Peru: Latin America Bond and Currency Preview

By Jamie McGee

Aug. 8 (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: Inflation, as measured by the government's benchmark IPCA index, slowed to 0.55 percent in July from 0.74 percent in June, according to the median estimate of 41 economists in a Bloomberg survey.

The government's statistics agency is scheduled to release the data at 8 a.m. New York time.

The real fell 1.3 percent 1.5971 per dollar.

The yield on the country's zero-coupon bonds due January 2010 rose 3 basis points, or 0.03 percentage point, to 14.72 percent, according to Banco Votorantim.

Peru: The trade surplus narrowed to $410 million in June from a $972 million surplus in the year-earlier period, according to the median estimate of six economists in a Bloomberg survey.

The National Institute of Statistics is scheduled to release the data at 10:30 a.m.

The sol fell 0.8 percent to 2.8135 per U.S. dollar.

The yield on the nation's 8.6 percent sol-denominated bonds due in August 2017 rose 5 basis points to 7.9 percent, according to Citigroup Inc.'s local unit.

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