Humala Win Provokes Sell-Off

Humala Win Provokes Sell-Off

People Corporate & Sovereign Strategy Peru Economy & Policy

Peruvian spreads widened dramatically Monday after leftist presidential candidate Ollanta Humala firmly clinched an election victory over market-favorite Keiko Fujimori. Meanwhile, Peru’s stock exchange experienced its sharpest drop in over 25 years with a 12.5% decline on the day before officials were forced to suspend trading two hours early. The spread on sovereign 5-year CDS reached a wide of 185bp before closing at 165bp, or some 20bp wider against Friday’s levels. It was a simila

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