Peru Bond Yields Down on Increasing Copper, Gold Prices

Bloomberg reported that yields for sol-denominated bonds were down for a second day as prices for copper and gold revived the currency’s outlook.

As quoted in the market news:

The yield on the nation’s benchmark 7.84 percent sol- denominated bond due August 2020 fell four basis points, or 0.04 percentage point, to 4.27 percent, according to prices compiled by Bloomberg. The price rose 0.32 centimo to 123.51 centimos per sol.

Copper and gold advanced amid speculation policy makers will take steps to spur growth inChina, the world’s largest consumer of industrial metals. Peruvian bond yields touched record lows last week after the sol rose to its strongest level against the dollar in 15 years. The sol is the best performing emerging-market currency in the past year after the Chilean peso, according to prices compiled by Bloomberg.

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