June 4 (Bloomberg) -- Colombia’s peso fell the most in a week as slower-than-forecast U.S. job growth and concern the European debt crisis may spread hurt demand for higher-yielding, emerging-market assets.

The peso slid 0.4 percent to 1,966.15 per U.S. dollar at 4 p.m. New York time, from 1,958.93 yesterday. That’s its biggest drop since May 25. Today’s decline pared the currency’s gain this week to 0.3 percent.

Global stocks fell after a spokesman for Hungarian Prime Minister Viktor Orban said that the country’s economy is in a “very grave situation” and that the previous government “manipulated” figures and “lied” about the state of the economy.

“Hungary and the U.S. jobs report are making investors nervous and leading to a generalized drop in markets,” said Camilo Forero, an investment manager at Bogota-based brokerage Afin SA.

The yield on Colombia’s benchmark 11 percent bonds due July 2020 rose two basis points, or 0.02 percentage point, to 7.93 percent, according to Colombia’s stock exchange. The bond’s price fell 0.186 centavo to 120.837 centavos per peso.

The yield on the benchmark 2020 bond had its biggest weekly decline since April after a government report this week showing food prices fell in May boosted speculation inflation slowed. The yield dropped 14 basis points this week.

Food prices fell 0.51 percent in May after declining 0.3 percent in the same month a year earlier, the Agriculture Ministry said in a May 31 report.

Colombian markets are closed June 7 for a national holiday.