Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Peru’s Benchmark Borrowing Costs Rise as Copper Prices Retreat

June 28 (Bloomberg) -- Peru’s benchmark borrowing costs in dollars rose for a second day as prices for the country’s top exports, copper and gold, dropped on signs of slowing growth in the U.S. and Europe.

The extra yield investors demand to own Peruvian government bonds instead of U.S. Treasuries increased one basis point, or 0.01 percentage point, to 182 basis points at 2:57 p.m. in Lima, according to JPMorgan Chase & Co.

German unemployment rose more than economists forecast while in the U.S. applications for jobless benefits hovered last week near the highest level of the year. China is the world’s biggest copper consumer followed by the U.S. and Germany. Metals account for two-thirds of Peru’s exports.

“Commodity prices are falling as the global outlook is less clear,” said Augusto Saldarriaga, the head of analysis at Banco Internacional del Peru.

The sol gained 0.1 percent to 2.6650 per U.S. dollar from 2.6675 yesterday, according to prices compiled by Bloomberg. The central bank didn’t buy or sell dollars in the spot market today.

Peruvian banks’ net dollar holdings declined to $277 million on June 26 from $364 million a week earlier, according to central bank data compiled by Bloomberg.

To contact the reporter on this story: John Quigley in Lima at

To contact the editor responsible for this story: David Papadopoulos at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.