Peru Borrowing Costs Rise to Two-Month High on European Crisis
This article is for subscribers only.
Peru’s benchmark borrowing costs in dollars rose to a two-month high as concern that Europe’s debt crisis will worsen should Greece leave the euro curbed demand for higher-yielding, emerging-market assets.
The extra yield investors demand to own Peruvian government bonds instead of U.S. Treasuries climbed nine basis points, or 0.09 percentage point, to 200 at 10:54 a.m. in Lima, according to JPMorgan Chase & Co. That’s the highest since Feb. 28.