COP – COP has underperformed peers today having lost -0.61% on the day. Our traders note COP inflows from RM clients and outflows from HFs during today’s session. MoF Bonilla says diesel prices will remain unchanged for now, and comments on new tax bill. He confirmed that the government will not increase diesel prices “in the short run”. While the comment is vague on when diesel prices raises might begin, it is in line with our view that the government would avoid adding pressure on its already weak popular support.