Chile, Mexico, Peru: Latin America Bond, Currency Preview

By Jamie McGee

Aug. 7 (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.

Chile: The trade surplus widened to $2 billion in July from $1.3 billion in June, according to the median estimate of 15 economists in a Bloomberg survey.

The central bank is scheduled to release the data at 8:30 a.m. New York time.

The peso weakened 0.2 percent to 513.67 per dollar.

The yield for a basket of five-year peso bonds in inflation- linked currency units rose 1 basis point, or 0.01 percentage point, to 2.88 percent, according to Bloomberg composite prices.

Mexico: Consumer prices rose 0.52 percent in July, compared with a 0.41 percent increase in June, according to the median estimate of 24 economists in a Bloomberg survey.

The central bank is scheduled to release the data at 10 a.m. New York time.

The peso fell 0.3 percent to 9.9459 per dollar.

The yield on Mexico's benchmark 10 percent bonds due December 2024 fell 8 basis points to 8.78 percent, according to Banco Santander SA.

Peru: The central bank will raise its overnight lending rate to 6.25 percent today from 6 percent, according to 15 of 16 economists surveyed by Bloomberg.

The sol fell 0.2 percent to 2.7925 per U.S. dollar.

The yield on the nation's 8.6 percent sol-denominated bonds due in August 2017 was 7.85 percent, according to Citigroup Inc.'s local unit.

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