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Peru sold PEN10.4 billion of ten-year local-currency sovereign debt, priced at 5.95%, and Indonesia raised US$3 billion in dollar bonds on December 4. Corporate bond issuance in the six months to October fell 14% versus the prior half-year, and a planned ING Tier 2 issue was withdrawn.
These are sovereign and corporate debt flows with no direct link to feed-grain or ingredient supply or demand. The weaker corporate issuance signals tighter financing conditions, which have only an indirect effect on commodity markets.
spglobal.comDec 7, 2018Not 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.
