BofA Sees Colombia Rate Curve Steepening Amid Falling Oil Prices
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Herve Belmas (Bank of America Corp)
Jane Brauer (Bank of America Corp)
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UUID: 7947283
(Bloomberg) -- Colombia’s outlook is more uncertain as declining oil prices deteriorate the trade balance and increase the chances of a steepening credit curve, Bank of America’s strategists Jane Brauer and Herve Belmas write in a note to clients.
- Strategists see value in selling 2041 notes vs. 2026 ones on the long end of the curve
- Increased local issuance resulting from wider fiscal deficits and potentially steeper U.S. curve also support the call
- BofA also recommends selling Brazil’s 2041 notes vs. 2026 as political noise is unlikely to disappear in the next few months, keeping the reform agenda at risk and steepening the curve
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Herve Belmas (Bank of America Corp)
Jane Brauer (Bank of America Corp)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283