Brazil CDS Sweet Spot: Hariharan
Brazilian CDS is “mispriced” and offers an investment opportunity during a period of uncertainty in global markets, says Hari Hariharan, chairman of NWI Investments. “With 35.1% net debt to GDP, which is less than 51.4% for Mexico, I can’t believe that Brazil CDS should be trading 107bp wider than Mexico, after having sat together for most of the last few...
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