Colombian Peso Falls Most in Five Months
COLOMBIA NEWS – (Bloomberg) Colombia’s peso dropped the most since February and bonds slid on speculation that changes the government is planning on how it measures pension fund returns will lead to increased demand for dollar assets. The peso fell 1.2 percent to 1,881.10 per dollar at the close in Bogota, its steepest drop since Feb. 3. The price on Colombia’s benchmark peso debt maturing in 2024 dropped 1.42 centavos to 123.63 centavos per peso, according to data from the central bank. The yield rose 17 basis points, or 0.17 percentage point, to 6.68 percent, the biggest increase in a month. Colombia will publish in about two weeks recommendations from a group of experts for changes on the way pension funds’ minimum returns are...
