By Jamie McGee
Nov. 21 (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 the previous day’s session.
Argentina: The unemployment rate fell to 7.8 percent in the third quarter from 8.0 percent in the second quarter, according to the median estimate of nine analysts in a Bloomberg survey.
The National Institute of Statistics is scheduled to release the report at 1 p.m. New York time.
The peso fell 0.1 percent to 3.33 per dollar.
The yield on the country’s inflation-linked peso bonds due in December 2033 rose 45 basis points, or 0.45 percentage points, to 22.90 percent, according to Citigroup Inc.’s local unit.
Colombia: The central bank will likely hold its interest rate at 10 percent, according to 27 of 31 analysts in a Bloomberg survey.
The central bank is slated to release the report today.
The peso fell 0.2 percent to 2,347 per dollar.
The yield on Colombia’s benchmark 11 percent bonds due in July 2020 was unchanged at 12.650 percent, according to Colombia’s stock exchange.
Mexico: Gross domestic product, the broadest measure of a country’s output of goods and services, expanded 1.2 percent in the third quarter, from 2.8 percent in the second quarter, according to the median estimate of 18 analysts in a Bloomberg survey.
The National Institute of Statistics is slated to release the report at 3:30 p.m. New York time.
The peso fell 2.8 percent to 13.9527 per dollar.
The yield on Mexico’s 10 percent bond due December 2024 rose 10 basis points to 9.86 percent, according to Banco Santander SA.
Other prices in Latin American markets:
Chile: The peso fell 0.6 percent to 661.60 per dollar.
The yield for a basket of five-year peso bonds in inflation-linked currency units, called unidades de fomento, rose 7 basis points to 3.47 percent, according to Bloomberg composite prices.
Peru: The sol was little changed at 3.1015 per dollar. The yield on Peru’s 8.6 percent bond maturing August 2017 rose 10 basis points to 8.35 percent, according to Citibank Peru.
To contact the reporter on this story: Jamie McGee in New York at jmcgee8@bloomberg.net
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