Brazil, Mexico Sell Global Bonds as Yields Near Record Lows

Brazil and Mexico, Latin America’s largest countries, sold the year’s first emerging-market bonds overseas, selling at record-low yields as borrowing costs tumble.

Brazil’s government sold $750 million more of its 4.875 percent notes due 2021 to yield 3.449 percent, while Mexico issued $2 billion of 10-year bonds to yield 3.706 percent, according to data compiled by Bloomberg. Brazil paid 150 basis points more than similar-maturity U.S. Treasuries while Mexico sold at a yield gap of 175 basis points.