Davivienda, CMI land inside guidance as LatAm jumps on rates rally

Colombia, Bogota, BanRep, Banco de la Republica, Monserrate, central bank, museum, 575, LatAm
By Oliver West
16 Apr 2021

Colombian lender Banco Davivienda and Central American renewable energy company CMI Energía both priced new issues inside the ranges indicated at guidance on Thursday, as Latin American bond markets took advantage of a strong bid for US Treasuries.

On Thursday, 10 year US Treasuries rallied by 8bp while the 30-year tightened 9bp. Traders had little clarity on why; indeed, retail and jobs numbers published on Thursday had only added optimism to the US economic recovery, which has been the main driver behind the Treasury sell-off this ...

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