September 9, 2021 |
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
Sovereign bond prices hold steady in the secondary market as President Bolsonaro steps up attacks on Supreme Court