Colombia To Extend Local Yield Curve

Colombia plans to continue extending its local yield curve with a new peso-denominated 20-year benchmark Treasury bond (TES). The finance ministry said it plans to issue the new paper by the middle of this year. The new 2027 bond would replace the current longest fixed-rate TES paper, maturing in 2020. The longest inflation-linked TES, launched earlier this year, matures in 2023. The ministry said there may also be demand for a 30-year bond further down the line.