Morning Market Tidbits: LatAm: On the Right Track

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Morning Market Tidbits: LatAm: On the Right Track

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Morning Market Tidbits

LatAm: On the Right Track

Key takeaways 26 June 2026

Economics• The trend toward electing right-leaning administrations in LatAm appears set to

United States

continue in Peru and Colombia.

• Markets reacted positively to the news, now the elected administrations have to Pedro Diaz

Caribbean Economist

deliver. BofAS

+1 646 855 2575

• Today's events: advance goods trade balance, inventories data, UMich consumer pdiaz2@bofa.com

sentiment and comments from Kashkari. Alexander Muller

Andean(ex-Ven) Carib Economist

BofAS

+1 646 855 5750

alexander.muller@bofa.com

What Matters Today: Colombia and Peru shifted to the right and interest rates declined sharply Carlos Capistran

Ten-year COP/IBR swap rate for Colombia, ten-year Soberano bond yield for Peru LatAm and Canada Economist

+1 646 743 2921

13 Colombia 1st carlos.capistran@bofa.com

round 7.5 US Economics

7.0

Colombia 2nd

11 round

6.5

10 Peru 1st round

6.0

9 Peru 2nd round 5.5

8 5.0

1/1/2026 2/1/2026 3/1/2026 4/1/2026 5/1/2026 6/1/2026

Colombia 10y rate Peru 10y rate, rhs

Source: Bloomberg.

BofA GLOBAL RESEARCH

Markets welcome elections results in LatAm

The trend toward electing right-leaning administrations appears set to continue in Peru

and Colombia, based on preliminary results. In Colombia, Abelardo De la Espriella inherits

a large fiscal deficit and proposes fiscal adjustment on the back of expenditure cuts. In

Peru, Keiko Fujimori will have strong presence in Congress, and we are bullish on

economic growth. Tight electoral results could complicate governability.

The end of the pink wave?

Ten out of the last twelve presidential elections in LatAm have gone to the right. Politics

will remain a key macro driver across the region.