By Andrea Jaramillo
Feb. 27 (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 economy expanded 4.8 percent in December after posting 4.6 percent growth the previous month, according to the median forecast of seven economists in a Bloomberg survey. The National Statistics Institute is slated to release the economic activity report at 1 p.m. New York time.
The peso fell 0.1 percent to 3.5574 per dollar.
The yield on the country’s inflation-linked peso bonds due in December 2033 fell 13 basis points, or 0.13 percentage point, to 18.87 percent, according to Citigroup Inc.’s local unit.
Chile: Industrial output dropped 4.8 percent in January after declining 3.7 percent in December, according to the median forecast of 14 analysts surveyed by Bloomberg.
Chile’s unemployment rate rose to 7.8 percent last month from 7.5 percent in December, according to the median estimate of 14 economists in a Bloomberg survey. The National Statistics Institute is set to release both reports at 7 a.m. New York time.
The peso climbed 0.9 percent to 596.22 per dollar.
The yield for a basket of Chile’s five-year fixed-rate peso bonds dropped 11 basis points to 3.47 percent, according to Bloomberg composite prices.
Colombia: The central bank will lower its overnight lending rate by a half-percentage point to 8.5 percent, according to the median forecast of 34 economists surveyed by Bloomberg.
Colombia’s urban jobless rate rose to 11.3 percent last month from 10.9 percent in December, according to the median estimate of 14 analysts in a Bloomberg survey. The National Statistics Institute is slated to release its report after 10 a.m. New York time.
The peso advanced 1.2 percent to 2,549.45 per dollar.
The yield on Colombia’s benchmark 11 percent bonds due July 2020 fell six basis points to 9.81 percent, according to Colombia’s stock exchange.
Peru: The economy expanded 6.7 percent in the fourth quarter, from 9.5 percent growth in the previous quarter, according to the median estimate of seven economists surveyed by Bloomberg. The National Statistics Institute is slated to release the economic report today.
The sol rose 0.1 percent to 3.2438 per dollar.
The yield on Peru’s 8.6 percent bond maturing August 2017 fell three basis points to 7.15 percent, according to Citigroup Inc.’s unit in Lima.
Other prices in Latin American markets:
Brazil: The real strengthened 0.5 percent to 2.3570 per dollar.
The yield on the zero-coupon, real-denominated bond due in January 2010 fell 15 basis points to 10.81 percent, according to Banco Votorantim.
Mexico: The peso fell 0.1 percent to 14.9700 per dollar.
The yield on Mexico’s 10 percent bond due December 2024 fell 14 basis points to 8.71 percent, according to Banco Santander SA.
To contact the reporter on this story: Andrea Jaramillo in Bogota at ajaramillo1@bloomberg.net
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