Monthly DAGs
Monthly DAG and rich/cheap vs macro fair value. Click through to the country page for the figure, the fair-value chart, and the TFT/news alongside it.
Chile
Chile EMBI is fairly priced at 90 bp (fair 90 bp).
Mexico
Mexico EMBI is fairly priced at 200 bp (fair 187 bp).
Panama
Panama EMBI looks rich at 121 bp vs fair 134 bp (-13 bp tight).
Peru
Peru EMBI is fairly priced at 109 bp (fair 108 bp).
Uruguay
Uruguay EMBI looks very cheap at 68 bp vs fair 55 bp (+14 bp / 1.7σ wide).
Brazil
Brazil EMBI is fairly priced at 175 bp (fair 170 bp).
Colombia
Colombia EMBI looks rich at 200 bp vs fair 226 bp (-26 bp tight).
Costa Rica
Costa Rica EMBI looks rich at 128 bp vs fair 147 bp (-19 bp tight).
Dominican Republic
Dominican Republic EMBI is fairly priced at 159 bp (fair 161 bp).
Guatemala
Guatemala EMBI looks rich at 111 bp vs fair 130 bp (-19 bp tight).
Paraguay
Paraguay EMBI looks cheap at 107 bp vs fair 97 bp (+10 bp wide).
Argentina
Argentina EMBI looks cheap at 503 bp vs fair 389 bp (+114 bp wide).
Bolivia
Bolivia EMBI is fairly priced at 454 bp (fair 486 bp).
Ecuador
Ecuador EMBI is fairly priced at 418 bp (fair 401 bp).
El Salvador
El Salvador EMBI looks very rich at 272 bp vs fair 330 bp (-58 bp / -1.6σ tight).