Peru Yields Fall as Copper and Gold Gains Boost Currency Outlook

Peru’s sol-denominated bonds rose, pushing down yields for a second day, as increasing prices for copper and gold, the country’s top exports, bolstered the outlook for the local currency.

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.