Colombia
Colombia
>COP: The month-long COP rally came to a halt today after strong U.S. data and a fall in oil futures (-1.9%). Flow wise, the desk saw both offshore buyers and local Corp sellers this morning. Tomorrow, we will have February Economic Activity print (BBG 3.0%, Prior 5.9%).
Unexpected rise in Empire PMI continues UST bear-flattening; EGB curves steepen before long-end supply; USD gains broadly with higher US real yields; NOK underperforms amid fall in Brent crude, wage-related strikes; ECB’s Lagarde frames risks around credit availability; US 10y at 3.600% (+8.8bp).