Chile intercepts capital flight from the US and fills up on foreign investments: the "Kast factor" enters its bonds. - firstonline.info
Chile intercepts capital flight from the US and fills up on foreign investments: the "Kast factor" enters its bonds. - firstonline.info
Source: firstonline.info
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DW NOTE
Chile is bidding for capital that can't stomach the Fed's first rate hike since 2023 — which came seven days ago, in the middle of an energy crisis that has drained global inventories at 3 million barrels per day this quarter. José Antonio Kast, the hard-right candidate leading polling ahead of Chile's election, is now pricing into sovereign bonds as a *positive* signal for foreign investors. That tells you what real risk looks like: it isn't fiscal orthodoxy in Santiago, it's a 4% Fed funds rate with oil at $92 and Hormuz still closed.