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Argentina placed $2.75 billion of 100-year bonds even as its economy emerged from recession, and MSCI delayed its decision on reclassifying Argentina. BBH remains positive on the medium-term outlook, expecting foreign investors to keep building Argentine exposure.
Macro and sovereign-debt conditions shape peso stability and Argentina's capacity to import and expand feed-grain and meal demand, but this commentary has no direct price mechanism for ag commodities.
octaafrica.netJun 23, 2017Not 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.
