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Peru's Central Reserve Bank economic studies manager Adrian Armas said interest rates on Peruvian sovereign bonds are at historically low levels, signaling investor confidence. Non-resident holdings of sovereign bonds rose from 48% to 50% between December 2019 and June 2020.
He added that the sol had the smallest depreciation in the region at 6.3%, and that financial stress from the pandemic peaked in March before markets calmed.
This is macro commentary on Peru's financial conditions with no direct effect on feed grain, oilseed or meal supply or demand. Its only relevance to feed buyers is a stable sol, which marginally eases the cost of Peruvian imports.
andina.peJul 10, 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.
