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Colombia peso bond yields keep at one-week low

Thursday, May 31, 2012

Colombia’s peso bond yields held at a one-week low after the central bank maintained its growth forecast yesterday while refraining from increasing borrowing costs.

“Local fundamentals remain strong,” said Pedro Ospina, a fixed-income analyst in Bogota at Interbolsa, the country’s biggest brokerage. “Tax revenue is high, inflation is under control and the central bank hasn’t changed its growth forecast.”

Colombia’s central bank voted unanimously yesterday to keep the overnight lending rate at a three-year high of 5.25 percent.

Source: Bloomberg