Brazil rallies on Lula news as Rio plots bond
![Lula, Brazil, Lava Jato, Latam](https://assets.euromoneydigital.com/dims4/default/487e906/2147483647/strip/true/crop/230x153+0+0/resize/840x559!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F98%2Fc9%2Fcad7d939f1ca3fd6126444a064ea%2Fpa-lula-brazil-230x150.jpg)
Brazilian bonds rallied on Thursday after the Supreme Court ruled that former president Lula Inácio da Silva must go to jail before exhausting his last appeal against a corruption conviction — effectively ruling him out of October’s presidential election.
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