Brazil rallies on Lula news as Rio plots bond
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Emerging MarketsEM LatAm

Brazil rallies on Lula news as Rio plots bond

Lula, Brazil, Lava Jato, Latam

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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