September 18, 2019 |
International investors held COP3.34tn ($987m) in Colombian government bonds at the end of August this year, a 3.34% drop on the same month last year, according to a report from local bank Davivienda.
"There is risk aversion appetite right now as investors shift to US Treasury notes," Laura Vargas, a fixed-income analyst at Davivienda, told LatinFinance.
As central banks around adopt more dovish monetary policies, interest rates in Colombia are not likely to come down any time soon, which has bo
Bond buyers turn to US Treasury notes as a safeguard against risk, Davivienda says