plus49/Construction Photography/Avalon/Getty Images Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today: There's "congestion" in the PIPE market — here's what that means for SPACs. Bankers at Goldman Sachs and Deutsche Bank explain why the Latin American bond market is booming. Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco. Samantha Lee/Insider PIPE, private investments in public equity, is a key piece of funding that SPAC sponsors sometimes rely on to raise extra capital in order to get transactions done. However, bankers and sponsors warn that PIPE funding has started to dry up in recent weeks.