Brazil, Mexico and Venezuela: Latin America Local Bond Preview
Dec. 9 (Bloomberg) – The following events and economic reports may influence trading in Latin American local-currency bonds today. Bond yields are from the previous session.
Brazil {BLTN }: The government will report today that inflation, as measured by the IPCA index, slowed to 0.55 percent in November from 0.75 percent the previous month, according to the median forecast of 25 economists surveyed by Bloomberg. That would reduce the annual inflation rate to 6.2 percent from 6.4 percent. The report is due at 6:30 a.m. New York time.
The yield on Brazil’s zero-coupon LTN Treasury bill due January 2007 fell 1 basis point to 16.93 percent, according to Banco Pactual. The yield has dropped from 18.1 percent on Oct. 19. {BRSTNCLTN5X5 DES }
Mexico {MBONO }: The central bank will say today it decided to cut the benchmark interest rate by a quarter percentage point to 8.5 percent, the fifth cut in as many months, according to 15 of 20 economists surveyed by Bloomberg. The announcement is at 10 a.m. New York time
More: bloomberg.com
