An increase in the yields of U.S. Treasury bonds has increased the sale of bonds in dollars, impacting on Costa Rican bonds traded internationally and in the domestic market.
From a report on 'Pulso Bursátil', the blog by Aldesa:
Fall in Costa Rican Bond Prices Sharpens
As mentioned recently, the rise in yields of U.S. Treasury bond has triggered a sell-off of dollar-denominated bonds, which firstly hit hard Costa Rican internationally traded bonds, but recently has also started to affect Bond prices traded in the domestic market.
Grupo ICE, composed of the Costa Rican Electricity Institute (ICE) and its subsidiaries Radiográfica Costarricense (RACSA) and Compañía Nacional de Fuerza y Luz (CNFL), joined the Chamber of Information and Communication Technologies of Costa Rica (CAMTIC) as a strategic partner since June 2009.