Colombia July national unemployment rate 8.8%

Colombia July national unemployment rate 8.8%

Colombia's international dollar bonds experienced a rally across the curve on Thursday, following a repurchase offer from a group of global banks. The 2027 issue (CO007401060=) gained 3 cents to bid at 102.76 cents on the dollar, while the 2061 (195325DX0=) added 2.87 cents to bid at 59.625 [1]. The repurchase offer, initiated by banks including BNP Paribas, Citigroup C, Goldman Sachs GS, JPMorgan JPM, and others, aims to reduce the country's debt costs amidst deteriorating public finances [1].

The repurchase offer, set to run through next Wednesday, is part of Colombia's broader strategy to manage its debt. The government is seeking around $10 billion through this operation, with the settlement date scheduled for the following Monday [1]. The offer does not set a maximum amount, leaving this decision to the parties involved [1]. Analysts at Banco de Bogota note that the government will likely issue new debt to pay for the repurchased bonds next year [1].

Colombia's unemployment rate for July 2025 stood at 8.8%, according to the latest data released by the government. This rate reflects the ongoing economic challenges faced by the country, including a fiscal deficit of 7.1% following the suspension of its fiscal rule [1]. The suspension of the fiscal rule, which limits the debt-to-GDP ratio, was implemented to raise the fiscal deficit [1].

The repurchase offer and the unemployment rate highlight Colombia's efforts to stabilize its financial situation while navigating economic headwinds. The rally in international dollar bonds underscores market confidence in the government's debt management strategy, despite the broader economic challenges [1].

References:
[1] Colombia's international dollar bonds rally after repurchase offer. Reuters. Retrieved from https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3UK1JV:0-colombia-s-international-dollar-bonds-rally-after-repurchase-offer/