Colombia Markets Plunge After Cepeda Poll

On February 26, Colombia's COLCAP index plunged 4.13% to 2,283.91 after an Invamer poll showed Iván Cepeda at 37.1%, sparking a broad market selloff. The peso weakened to an intraday average around COP 3,745.85, CDS 5-year widened to 218 bps, yields topped 14%, and Ecuador raised tariffs to 50% effective March 1, compounding market stress.