By Drew Benson
Jan. 29 (Bloomberg) -- Colombia’s peso declined for a third day to a three-month low as stocks in Europe and U.S. equity- index futures dropped, sapping investor appetite for higher- yielding, emerging-market assets.
The currency slid the most since November, dropping 1.7 percent to 2,391 per dollar at 8:49 a.m. New York time, from 2,352 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 rose 11 basis points, or 0.11 percentage point, to 9.87 percent, according to Colombia’s stock exchange. The price fell 0.782 centavo to 107.434 centavos per peso.
Chile’s peso slid 0.1 percent to 612.61 per U.S. dollar, from 612.25 yesterday. The yield for a basket of five-year peso bonds in inflation-linked currency units, known as unidades de fomento, dropped seven basis points to 2.8 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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