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Peru sold $4 billion in US dollar debt across three tranches, including a $1 billion 100-year bond with a coupon of about 3.23%. The government said demand peaked above $15 billion.
Officials said recent protests had weighed on bond and currency demand, but markets had stabilized after Sagasti's appointment.
The debt sale is a fiscal funding event that does not directly change feed supply or demand. It signals that Peru's near-term economic and political stress is easing, which has little direct price impact on feed commodities.
financialpost.comReutersNov 24, 2020Not 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.
