Colombian assets fell as president Gustavo Petro prepares a cabinet reshuffle following a series of legislative setbacks that he says represent the disintegration of his ruling coalition. The peso weakened as much as 1.8% before paring the decline amid expectations that finance minister Jose Ocampo would remain in his role. USD bonds from the country were among the worst performers in emerging markets, with notes due in 2041 sinking as much as 1.8 cents to 79 cents on the USD.