Buy Peru Local Debt on Expected Policy Easing: Deutsche Bank
Source: BFW (Bloomberg First Word)
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Guilherme Marone (Deutsche Bank AG)
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UUID: 7947283
(Bloomberg) -- The Soberanos 26s offer attractive yield pick-up and benefit from Peru’s steep yield curve and supportive stance on monetary policy, Deutsche Bank strategist Guilherme Marone writes in research note.
Alert: HALISTER1- Recommends buying bonds without currency hedge
- Soberanos offer highest 10-year term premium in Latin America
- Soberanos 26s benefit from lighter positioning among foreigners compared to shorter and longer-term debt
- Risks include the bonds’ exposure to currency, China, copper and commodity prices; NDF rates are above 5%
Source: BFW (Bloomberg First Word)
People
Guilherme Marone (Deutsche Bank AG)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283