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Colombia plans to replace some of its 2020 dollar financing with about 5 trillion pesos ($1.28 billion) of local TES bonds, with auctions extended to November. The finance ministry is also considering an internal debt swap to pre-finance 2021 needs.
This is a sovereign debt financing decision with no direct link to grain, oilseed or meal supply and demand. Any effect on the peso would be minor for feed buyers.
financialpost.comReutersOct 5, 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.
