After years of political turmoil, street protests and economic stagnation, Morgan Stanley say it’s time to buy Chilean assets again, including sovereign debt. Other banks and investors are yet to be convinced. Analysts led by Emma Cerda and Simon Waever wrote Sept. 18 that Chile’s dollar and euro bonds looked attractive versus those of Latin American peers such as Peru, Mexico and Uruguay. It recommended, among other moves, buying Chile’s 2071s or going long Chile’s 2034 bonds in euros while shorting Peru’s 2034s in the same currency. The analysts cited Chile’s “cheap valuations compared with most investment grade ... (full story)