Changing correlations 3
Market overview 3
Summary of views 8
The pulse of the market 9
Trade ideas 10
Country overviews 11
Argentina 11
Brazil 12
Chile 13
Colombia 14
Ecuador 15
Mexico 16
Panama 17
Peru 18
Venezuela 19
Central America 20
Latin America Surprise
Indices 21
Central Bank Watcher 22
Charts and tables
Local markets 23
Inflation linkers and breakevens 24
External debt 26
External debt yield curves 28
External debt bonds, CDS & basis 29
FX forecast & NDF 31
Forward/NDF-implied yield curves 32
FX multilateral real effective exchange rate (REER) 33
Disclosure appendix 35
Disclaimer 36