Economics
Brazil's Mounting Woes Threaten to Wipe Out Bond Rebound in 2016
- Country's was second-worst emerging-market performer in 2015
- Economy is heading for the deepest recession since 1901
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Brazil’s stint as the most lucrative emerging-market bond investment may be short-lived, according to Aberdeen Asset Management Plc and Commerzbank AG.
The country’s dollar-denominated notes returned 1.9 percent last week, the best performance among 60 developing nations tracked by Bloomberg. Still, the gains are just a reprieve from a rout last year that saddled bondholders with losses of 16 percent, the worst in emerging markets after Zambia.