Brazil is back despite upset markets
Syndicate bankers often joke that Brazil issuing is a sign that it’s time to sell Latin American bonds, and a sell-off indeed began this week just as the sovereign was pricing its latest deal. But market jitters should not distract from an improving picture in the country.
A tumultuous few days have blighted debt markets as investors have decided that a rate hike is coming again in the US. Brazilians have been caught in the crossfire.
The sovereign, Marfrig and Suzano — to varying degrees of success — all issued amid volatility this week,
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