Philippine Treasury bill yields rose toward eight-year highs as traders expected October inflation to exceed the central bank's projection. The Bangko Sentral ng Pilipinas had just raised its benchmark rate by 50 basis points to 5.50%, and fuel and transport prices were cited as drivers.
Higher domestic rates raise financing costs for feed mills and livestock producers and point to tighter local credit. Crude oil moves feeding into fuel and transport costs also raise the cost of delivering feed.
Not 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.