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Colombia, Mexico: Latin American Bond and Currency Preview

By Catarina Saraiva

Nov. 5 (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 trading session.

Mexico: Consumer confidence rose to 82 in October from 81.9 in September, according to the median estimate of 11 economists in a Bloomberg News survey. The national statistics agency will release the report at 3:30 p.m. New York time.

The peso rose 0.1 percent to 13.2495 per dollar.

The yield on Mexico’s 10 percent bond due December 2024 gained four basis points, or 0.04 percentage point, to 8.30 percent, according to Banco Santander SA.

Colombia: Consumer prices rose 0.08 percent in October from the previous month, according to the median estimate of 25 economists in a Bloomberg News survey. The government statistics agency will release the report today.

The peso rose 1.3 percent to 1,961.50 per dollar.

The yield on Colombia’s benchmark 11 percent bonds due July 2020 fell five basis points to 8.27 percent, according to Colombia’s stock exchange.

Other prices in Latin American markets:

Argentina: The peso was little changed at 3.8155 per dollar.

The yield on the country’s inflation-linked peso bonds due in December 2033 fell 15 basis points to 11.45 percent, according to Citigroup Inc.’s local unit.

Brazil: The real rose 1.4 percent to 1.7211 per dollar.

The yield on the zero-coupon, real-denominated bond due in January 2010 rose two basis points to 8.67 percent, according to Bloomberg prices.

Chile: The peso rose 0.6 percent to 528.05 per dollar.

The yield for a basket of Chile’s 10-year peso bonds in inflation-linked currency units, called unidades de fomento, fell one basis point to 3.13 percent, according to Bloomberg composite prices.

Peru: The sol gained 0.3 percent to 2.9007 per dollar.

The yield on Peru’s 8.6 percent bond maturing August 2017 rose five basis points to 4.94 percent, according to Citigroup Inc.’s unit in Lima.

To contact the reporter on this story: Catarina Saraiva in New York at Asaraiva5@bloomberg.net.

Last Updated: November 4, 2009 21:00 EST

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