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4 results for "The Ministry of Finance" · Economic+Cyber
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Colombia's Ministry of Finance conducted a short-term debt auction on May 19 seeking 900 billion pesos but received bids for only 856.5 billion, ultimately approving just 631.5 billion at a record 13.9% interest rate—the highest for one-year Treasury Securities since 2011. The failed auction, marked by a Bid/Cover ratio of exactly 1.0 (minimal demand buffer), follows a long-term bond placement at 15% rates earlier in the week, reflecting investor concerns about inflation expectations and fiscal sustainability under the Gustavo Petro government.
6.2/10 · El Colombiano (Medellín) · Bogota, Cundinamarca