Colombia's La Nación raises short-term TES rates to nearly 13% in 8th straight auction

Colombia's government debt agency (La Nación) sold one-year TES at rates approaching 13%, marking the eighth consecutive auction with rising short-term yields. This signals persistent fiscal stress and investor demand for higher compensation, likely reflecting inflation or currency concerns. The trend matters as it raises government borrowing costs and may pressure broader Colombian fixed-income markets.

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