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Offshore investors show growing interest in local currency bonds on the secondary market, possibly due to "buying the dip" strategy.
Offshore investors have shown a growing interest in local currency bonds on the secondary market, according to GCB Capital.
This increased appetite may be a speculative strategy of "buying the dip" due to depressed prices, expecting price recovery with improving macroeconomic outlook.
Until recently, secondary bond market activity was dominated by sell-buybacks and repo transactions.
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Los inversores extraterritoriales muestran un creciente interés en los bonos en moneda local en el mercado secundario, posiblemente debido a la estrategia de "comprar en las caídas".