Latam Local Markets Strategy Gisela Brant AC Santiago J Olalquiaga Calcano AC Tania Escobedo Jacob gisela.brant@jpmchase.com santiago.olalquiagacalcano@jpmorgan.com tania.escobedojacob@jpmorgan.com (212) 834-3947 (212) 622-2484 (212) 622-4128 J.P. Morgan Securities LLC J.P. Morgan Securities LLC J.P. Morgan Securities LLC Latam Local Market Flows, Positioning and Issuance July 2026 Highlights: * In Brazil, NTNBs saw outflows in May, while NTNFs turned from modest inflows to modest outflows on the month. LTN ...