Economic Calendar

Wednesday, September 30, 2009

Chile and Colombia: Latin America Bond and Currency Preview

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By Catarina Saraiva

Sept. 30 (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.

Chile: Unemployment rose in August, climbing to 10.9 percent from 10.8 percent in July, according to the median estimate of 12 economists in a Bloomberg survey. The report will be released at 9 a.m. New York time.

The peso dropped 0.8 percent to 548.05 per dollar.

The yield for a basket of Chile’s 10-year peso bonds in inflation-linked currency units, called unidades de fomento, rose one basis point, or 0.01 percentage point, to 2.81 percent, according to Bloomberg composite prices.

Colombia: Unemployment fell to 12.5 percent in August from 12.8 percent in July, according to the median forecast of seven economists in a Bloomberg survey.

The peso declined 0.7 percent to 1,931.60 per dollar.

The yield on Colombia’s benchmark 11 percent bonds due July 2020 fell five basis points to 8.98 percent, according to Colombia’s stock exchange.

Other prices in Latin American markets:

Argentina: The peso rose 0.2 percent to 3.8365 per dollar.

The yield on the country’s inflation-linked peso bonds due in December 2033 rose nine basis points to 11.77 percent, according to Citigroup Inc.’s local unit.

Brazil: The real fell 0.3 percent to 1.7922 per dollar.

The yield on the zero-coupon, real-denominated bond due in January 2010 rose three basis points to 8.72 percent, according to Bloomberg prices.

Mexico: The peso rose 0.1 percent to 13.5373 per dollar.

The yield on Mexico’s 10 percent bond due December 2024 was unchanged at 8.22 percent, according to Banco Santander SA.

Peru: The sol dropped 0.2 percent to 2.8890 per dollar.

The yield on Peru’s 8.6 percent bond maturing August 2017 fell one basis point to 4.93 percent, according to Citigroup Inc.’s unit in Lima.

To contact the reporter on this story: Catarina Saraiva in New York at Asaraiva5@bloomberg.net.




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