December 6, 2012
Brazilian debt instruments saw $248bn in turnover during 3Q to lead all EM,
Brazilian debt instruments saw $248bn in turnover during 3Q to lead all EM, according to EMTA, and are up from $196bn during the same time period in 2011. Mexico came in second, at $158bn. Brazilian volumes represented 19% EM trading. Brazil was also the leader in local market instruments, with $197bn. In terms of individual EM Eurobonds, Brazil’s 2021 bond was the second most traded in 3Q 2012, at $5bn, behind Russia’s 2030. Mexico’s 2022 and Petrobras’ 2021 followed with $3bn each.