Stocks fall, bond prices rise after Colombian election

Stocks fall, bond prices rise after Colombian election

Corporate & Sovereign Strategy Bonds Debt Fixed Income Equity IPO Capital Markets Colombia

The stock market in Bogotá has fallen, but Colombia's bond prices have fared better since left-wing candidate Gustavo Petro cruised to victory in the presidential run-off election on Sunday, highlighting that proposed tax increases and a possible shift away from fossil fuels could negatively affect investor sentiment, sources told LatinFinance.  "We expect Colombia's risk premium to reprice wider on the back of this supposedly market-unfriendly outcome," said Thierry Larose, a fixed income portf

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