Panama Bonds Unmoved by Martinelli Win

Panama Bonds Unmoved by Martinelli Win

Bonds

Yields on Panama’s most liquid bonds, the 2015s and 2036, are virtually unchanged after opposition candidate Ricardo Martinelli won the elections by 60% to 37% on May 3, says Kathryn Rooney, senior EM strategist at Bulltick. The yield on the 2015s, which closed at 5.66% Friday, traded at 5.65% the day after the elections. The 2036s, Rooney says, did not move since Friday and stayed at 7.08%. “Although this news was not a market mover, we view the results in a very positive light for the continue

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