December 19, 2017 |
Chile's sovereign bonds tightened across the curve on Monday, with spreads on the 10-year, inflation-linked notes dipping 5bp, after the conservative candidate Sebastián Piñera won the presidential runoff with 54.6% of the vote.
The markets favored Piñera because he said he would increase economic growth, cut taxes and eliminate several government spending programs. The leftist candidate Alejandro Guillier had promised to continue many of the policies of the outgoing president, Michelle Bachelet
Spreads on sovereign's 10-year notes shrink 5bp after pro-market candidate wins presidential runoff