MinHacienda emite $900.000 millones en TCO al 13,650%

El Ministerio de Hacienda colocó $900.000 millones en Títulos de Tesorería a Corto Plazo (TCO) en una subasta pública, con una tasa de corte del 13,650% para la referencia a un año que vence el 23 de marzo de 2027. Recibió ofertas por $1,3 billones, 1,5 veces el monto ofrecido.

El Ministerio de Hacienda, liderado por el ministro Germán Ávila, realizó una subasta de TCO denominados en pesos. La referencia a un año obtuvo una tasa de interés de corte del 13,650% y vence el 23 de marzo del próximo año.

Se recibieron posturas de compra por $1,3 billones en valor nominal, equivalente a 1,5 veces los $900.000 millones ofrecidos. Esto refleja una demanda sólida en el mercado de valores colombiano.

"El programa de colocaciones de TCO hace parte de la estrategia de la Nación para contribuir con el desarrollo del mercado de capitales interno, incorporando referencias líquidas en la parte corta de la curva de rendimientos", indicó el Ministerio.

Este resultado confirma las altas tasas de financiamiento del país en todos los tramos de la curva. Las subastas recientes de TES a un año han superado el 13%, mientras que los bonos a 10 años se mantienen en niveles elevados.

Artículos relacionados

Dramatic illustration of Colombia's central bank boardroom tension as Finance Minister walks out amid 11.25% rate hike vote.
Imagen generada por IA

Colombia's central bank raises rate to 11.25% in second 2026 hike amid government walkout

Reportado por IA Imagen generada por IA

Following its January hike to 10.25%, Colombia's Banco de la República raised its intervention rate by another 100 basis points to 11.25% in a tight 4-3 vote during its second meeting of the year. Finance Minister Germán Ávila walked out of the board meeting and announced the government's withdrawal from the central bank over disagreements. President Gustavo Petro backed the move and criticized the monetary policy.

In its latest auction, Colombia's Ministry of Hacienda placed 900 billion pesos in short-term Treasury titles (TCO) maturing April 20, 2027, at a cutoff rate of 13.450%—slightly lower than the prior auction's 13.65%. Bids totaled 1.6 trillion pesos, or 1.7 times the amount offered, signaling robust demand amid efforts to develop the domestic capital market.

Reportado por IA

One-year Treasury bills (TES) rates hit a new record in auction number 13 by the Public Credit Directorate, reaching 13.693%. This surpasses the previous high and marks a 2.2 percentage point increase so far this year. The upward trend raises concerns over the Colombian Government's borrowing costs.

The Ministry of Finance published the Financial Plan for 2026, projecting 2.6% GDP growth and 5.8% inflation. The document estimates an average dollar rate of $3,801 and Brent barrel at US$59.2, though analysts warn of calculation errors and lack of concrete measures for fiscal cuts. The publication was delayed by more than a month compared to previous years.

Reportado por IA

The Banco de la República reported record profits of $13.9 trillion for the end of 2025, mainly driven by net income from international reserves. These earnings surpass Ecopetrol's transfers for the second consecutive year. The bank will transfer $13.8 trillion to the National Government, partly in debt securities and partly in cash.

In its May 1, 2026 board meeting, Banco de la República unanimously kept the benchmark interest rate at 11.25%, surprising analysts expecting a hike to combat accelerating inflation. Finance Minister Germán Ávila participated fully, citing constructive dialogue, while board members justified the decision to maintain stability amid political pressures.

Reportado por IA

In the latest clash amid tensions with Banco de la República over rate hikes, Colombia's Finance Minister Germán Ávila held a monetary policy forum without central bank Governor Leonardo Villar—who declined over timing concerns—and slammed the recent 200 basis-point increase for curbing 2026 growth to 2.6% while boosting public debt interest by $1.8 trillion.

Este sitio web utiliza cookies

Utilizamos cookies para análisis con el fin de mejorar nuestro sitio. Lee nuestra política de privacidad para más información.
Rechazar