HALISTER1: TPCG Favors Uruguay USD Bonds on Mild FX Weakness Outlook

TPCG Favors Uruguay USD Bonds on Mild FX Weakness Outlook

(Bloomberg) -- TPCG Group prefers 2024, 2027 global USD bonds, economist Adolfo Kopouchian wrote in a note to clients.
  • Investors should also track Uruguay’s global CPI-linked bonds
  • Current yield to maturity on global CPI-linked bonds could in medium term offer attractive entry level
  • TPCG doesn’t expect any dramatic movements in valuations of CPI-linkers thanks to supportive local demand
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Source: BFW (Bloomberg First Word)

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