Colombia Bonds Drop on Reports That Fiscal Rule May be Suspended
Colombia's sovereign dollar bonds dropped across the curve on Thursday after local media reported that the government might suspend the fiscal rule that limited budget spending and helped steady the markets for more than a decade.
Notes due in 2054 slipped 0.3 cent on the dollar, the biggest drop in two weeks, according to indicative pricing data compiled by Bloomberg. Local government peso bonds, or TES, also fell.
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