Bloomberg News

Peruvian Bonds, Currency Fall After Humala Cabinet Shake-up

December 12, 2011

Dec. 12 (Bloomberg) -- Peruvian bond yields rose the most in three weeks and the sol weakened after President Ollanta Humala reshuffled his cabinet.

The yield on the nation’s benchmark 7.84 percent sol- denominated bond due August 2020 climbed five basis points, or 0.05 percentage point, to 5.73 percent at 9:22 a.m. Lima time, according to prices compiled by Bloomberg. The security’s price fell 0.35 centimo to 114.19 centimos per sol. The sol weakened 0.2 percent to 2.70 per U.S. dollar, from 2.76950 on Dec. 9, according to Deutsche Bank AG’s local unit.

Humala swore in 10 new ministers led by a former army officer as he seeks to take a firmer stance on protests that halted the nation’s biggest investment project. European stocks and U.S. equity futures fell and the euro weakened as Moody’s Investors Service said it will review ratings for countries in the region.

--Editor: James Attwood

To contact the reporter on this story: John Quigley in Lima at jquigley8@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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