FOREIGN investors are piling into Chile’s local government debt at the fastest pace since 2017, making the South American nation one of the biggest winners in emerging markets from this year’s move out of the dollar.
Non-resident holdings of peso bonds increased in each of the first seven months, rising to US$9.3bil in July from US$6.6bil at the end of 2024. That 40% jump far outstrips anything seen in other Latin American markets.
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