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Mexico and Brazil: Latin America Bond and Currency Preview
Bloomberg
June 24, 2009

By Drew Benson

June 24 (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 session.

Mexico: Consumer prices likely rose 0.16 percent during the first half of June, according to the median estimate in a Bloomberg News survey of 12 economists. The government reports the data at 10 a.m. New York time.

The peso slid 0.3 percent to 13.3521 per dollar.

The yield on the country's 10 percent bond due December 2024 rose five basis points, or 0.05 percentage point, to 8.62 percent, according to Banco Santander SA.

Brazil: Inflation likely eased through mid-June with prices rising 0.33 percent on the month, from a 0.59 percent rise in mid-May, according to the median estimate in a Bloomberg News survey of 23 economists. The government reports the data at 8 a.m. New York time.

The real climbed 2.3 percent to 1.9864 per dollar.

The yield on the zero-coupon, real-denominated bonds due in January 2010 slid four basis points to 8.88 percent, according to Banco Votorantim.

Other prices in Latin American markets:

Argentina: The peso slid 0.3 percent to 3.7913 per dollar.

The yield on the country's 5.83 percent peso bonds due in December 2033 slid 13 basis points to 16.32 percent, according to Citigroup Inc.'s local unit.

Chile: The peso slid 0.4 percent to 534.4 per dollar.

The yield for a basket of Chilean 10-year peso bonds in inflation-linked currency units, called unidades de fomento, was unchanged at 2.88 percent, according to Bloomberg composite prices.

Colombia: The peso slid 3.6 percent to 2,159.75 per dollar.

The yield on Colombia's 11 percent bonds due in July 2020 rose 19 basis points to 9.54 percent.

Peru: The sol was little changed at 3.023 per dollar.

The yield on the country's 8.6 percent bond maturing in August 2017 declined five basis points to 5.65 percent, according to Citigroup prices.

To contact the reporter on this story: Drew Benson in Buenos Aires at abenson9@bloomberg.net

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