EconomicCrisis🇨🇴Colombia🇮🇷Iran3d agoColombia'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, CundinamarcaPrimary Source ↗Details →
EconomicCrisis🇨🇴Colombia4d agoThe Office of the Comptroller General of the Republic presented the first follow-up balance to the fiscal warning issued a month ago to the Ministry of Finance for the management of public debt. The report concludes that the risks identified initially persist and that the recent financing decisions of the National Government could increase fiscal pressures in the coming years. One of the main points of concern of the control body is the recent placement of Treasury securities (TES) issued on May 13, 2026, for about $6 billion.5.7/10·El Colombiano (Medellín)Primary Source ↗Details →