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Bloomberg: Brazilian Bond Market
Posted by Tango
on May 6, 2020, 10:45 am
Brazilian bonds extended losses after Fitch cut the outlook to negative, citing the virus and political tensions stalling badly-needed reforms. Today, the country's central bank will probably cut the Selic rate by 50 bps to 3.25%. Also keep an eye on Argentina. It's said to be ironing out details on a potential debt deal with creditors, though an agreement probably won't be reached before Friday's deadline.