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Colombia's dollar-denominated bonds are trading at junk-like prices as investors bet the government will fail to raise enough tax revenue to keep its investment-grade rating. The pricing reflects doubts over the proposed fiscal reform.
A possible downgrade would raise Colombia's borrowing costs and could pressure the peso. That affects regional import costs but has little direct effect on feed commodity prices.
bloomberg.comEzra Fieser, Oscar MedinaApr 29, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
