Colombia’s Peso Surges On A $6 Billion Bond Shock As Stocks Cool Into Year-End

Key Points A reported ~$6 billion offshore purchase of local-currency government bonds jolted FX flows, driving a sharp Friday peso rally despite a steady-to-firmer global dollar. The central bank later held rates at 9.25% in a split vote, reinforcing a cautious stance but not explaining the day’s move. Colombia’s COLCAP slipped 0.30% on Friday as […]