By Drew Benson
Jan. 30 (Bloomberg) -- Colombia’s peso declined for a fourth day as U.S. stock-index futures dropped, undermining investor demand for riskier emerging-market assets.
The currency slid 1.2 percent to a three-month low of 2,422 per dollar at 8:36 a.m. New York time from 2,393 yesterday, according to the Colombian foreign-exchange electronic transactions system, known as SET-FX.
The yield on Colombia’s 11 percent bonds due in July 2020 was unchanged at 9.74 percent, according to Colombia’s stock exchange.
Chile’s peso slid 0.7 percent to 617.52 per U.S. dollar, from 612.95 yesterday. The yield for a basket of five-year peso bonds in inflation-linked currency units, known as unidades de fomento, dropped two basis points to 2.7 percent, its lowest since July, according to Bloomberg composite prices.
To contact the reporter on this story: Drew Benson in Buenos Aires at Abenson9@bloomberg.net
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