Economic Calendar

Tuesday, September 22, 2009

Mexico, Chile, Brazil: Latin America Bond and Currency Preview

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By Catarina Saraiva

Sept. 22 (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.

Mexico: August unemployment fell to 6 percent from 6.12 percent in July, according to the median forecast of 15 economists in a Bloomberg News survey. The national statistics agency is set to release the report at 3:30 p.m. New York time.

The peso fell 0.8 percent to 13.3784 per dollar.

The yield on Mexico’s 10 percent bond due December 2024 rose two basis points, or 0.02 percentage point, to 8.4 percent, according to Banco Santander SA.

Other prices in Latin American markets:

Argentina: The peso was little changed at 3.8376 per dollar.

The yield on the country’s inflation-linked peso bonds due in December 2033 fell 10 basis points to 11.22 percent, according to Citigroup Inc.’s local unit.

Brazil: The real lost 0.5 percent to 1.8168 per dollar.

The yield on the zero-coupon, real-denominated bond due in January 2010 rose four basis points to 8.74 percent, according to Bloomberg prices.

Chile: The peso strengthened 0.5 percent to 542.55 per dollar.

The yield for a basket of Chile’s 10-year peso bonds in inflation-linked currency units, called unidades de fomento, was little changed at 2.87 percent, according to Bloomberg composite prices.

Colombia: The peso climbed 0.9 percent to 1,933.84 per dollar.

The yield on Colombia’s benchmark 11 percent bonds due July 2020 fell eight basis points to 9.23 percent, according to Colombia’s stock exchange.

Peru: The sol weakened 0.2 percent to 2.8985 per dollar.

The yield on Peru’s 8.6 percent bond maturing August 2017 was little changed at 4.86 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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