Bond buyers shrug off Brazil's political woes

Bond buyers shrug off Brazil's political woes

Bonds Brazil Capital Markets Economy & Policy Debt Fixed Income Politics

International bond buyers have shrugged off political turmoil in Brazil even after President Jair Bolsonaro stepped up his attacks on the Supreme Court and said that only God can remove him from office. "They are not really worried about this," Walter Molano, chief economist at emerging markets investment bank BCP Securities, said about holders of Brazil's sovereign debt. "So far there has been no reaction in bond prices." Brazil's five-year sovereign bonds were down around half a point to yield

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