The Uruguayan global bonds They had uneven behavior yesterday with falls in titles in peso and in Indexed Units (UI), but with significant increases in their dollar version.
The yield curve of fixed rate bonds in pesos fell, yielding an average of 9.08%. This performance was driven by contractions in the longest tranches, particularly maturities between 3 to 8 years.
Regarding the performance of the UI bonuses, it registered a slight drop of 0.01 basis points on average, impacted by a drop in the shortest part of the curve (maturities at 3 and 6 months). However, the average performance of this tool is 2.82% above the level of inflation (4.71% year-on-year according to the latest INE update).
He global bonus in dollars The 10-year yield rose 5.1 basis points on Tuesday and closed at 4.8%. So far this week, it has accumulated an increase of 7.6 basis points, according to Puente.
US bond yields rise
Benchmark US and European bond yields, which tend to drive up global borrowing costs, were at one-week highs at the start of trading on Wednesday, following the surprise rise in inflation in USA.
On Tuesday, the yield on benchmark 10-year US Treasury bonds rose 5.8 basis points to 4.156%, and that on two-year notes also rose 6.9 basis points to 4.600%.
The inversion of the yield curve between two- and 10-year papers barely changed, standing at -44.4 basis points.
Benchmark 10-year bond yields were helped by weak demand at the Treasury’s $39 billion auction of the benchmark bond.
Source: Ambito
