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Investors are pricing higher risk into Argentine local-currency bonds, with the yield spread over US-issued bonds roughly doubling in a month. Stubborn inflation, weak growth and peso outflows are adding pressure on President Macri ahead of October elections.
Bankers fear political upheaval if economic problems derail his reelection plans.
Peso outflows and rising political risk weaken the currency, which raises Argentine production costs in dollar terms and can accelerate farmer selling of soybeans and corn. That selling tends to add supply to world feed-grain and soymeal markets.
en.mercopress.comMar 27, 2019Not 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.
