Fuerza Popular secured a commanding plurality of 22 seats in Peru’s newly restored 60-seat Senate during the April 12-13 general election, driving trader consensus to a 99.3% implied probability that the party will emerge as the largest bloc. This position reflects FP’s strongest national vote share among the six parties that cleared representation thresholds, aided by voter emphasis on security and economic stability amid a fragmented field. Official ONPE tallies reached near completion by mid-May, with the National Jury of Elections rejecting fraud challenges from smaller parties. Only a rare reversal through proven widespread irregularities before congressional installation could alter the outcome, underscoring the market’s assessment of limited remaining uncertainty.