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Argentina's sovereign bond spreads over US Treasuries widened six basis points to 412, the widest in a month. The 2038 and 2046 dollar bonds fell after the government sold a surprise 100-year bond.
Wider sovereign spreads signal higher financing costs and currency pressure for Argentina, which can weigh on peso-denominated import capacity for grains and meal, though the effect on prices is modest.
reuters.comJun 19, 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.
