Bonds and currencies
Brazil, Colombia, Mexico: Latin America Bond, Currency Preview
By Lydia Thew
Friday, October 26, 2007
(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.
Brazil: Consumer prices as measured by Brazil's FIPE economics research institute probably rose 0.20 percent in the month to Oct. 23, according to the median estimate of 17 economists surveyed by Bloomberg News. FIPE is slated to release the data at 3 a.m. New York time.
The yield on the government's zero-coupon, real-denominated bonds due in January 2008 fell 1 basis point to 11.16 percent, according to Banco UBS Pactual SA.
The real rose 0.7 percent to 1.7943 per dollar.
Colombia: The central bank will probably leave its overnight lending rate unchanged at 9.25 percent, according to the median forecast of 37 economists surveyed by Bloomberg News.
The yield on Colombia's benchmark 11 percent bond due July 2020 fell 3 basis points to 10.28 percent, according to the central bank.
The peso rose 0.4 percent to 2025 per dollar.
Mexico: The central bank will probably leave its benchmark interest rate unchanged at 7.25 percent, according to the median forecast of 28 economists surveyed by Bloomberg News. Policy makers are scheduled to announce the rate at 10 a.m. New York time.
Economic activity as measured by the global economic activity index probably from the National Institute of Statistics probably increased 4.2 percent in August, according to the median forecast of 18 economists surveyed by Bloomberg News. The institute is scheduled to release the data at 3:30 p.m. New York time.
The yield on the 7.25 peso-denominated bonds due in December 2016 fell 1 basis point to 7.85 percent, according to Banco Santander SA.
Mexico's peso rose 0.2 percent to 10.8135 per dollar.
To contact the reporter on this story: Lydia Thew in New York at lthew@bloomberg.net .
