
Argentine global bonds were headed for their worst week in more than a year as global risk aversion combined with investor concern about next year’s presidential election. The 2035 benchmark bond fell by more than three cents per dollar, and the country’s spread over US Treasuries widened to 928 basis points during the first four days of the week.
Greater sovereign risk may put pressure on the peso and increase the local-currency cost of imported feed ingredients, although the article reports no direct change in commodity supply or demand.
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.