Brazil’s Real-Linked Bonds Climb as Bank Steps Up Rate Increases

Brazil’s Real-Linked Bonds Climb as Bank Steps Up Rate Increases

Dado Galdieri/Bloomberg

The real has declined 5.2 percent in May, the worst performance among 24 emerging-market currencies tracked by Bloomberg after South Africa’s rand amid signs of sluggish growth and on concern the U.S. Federal Reserve will curtail a stimulus program that has buoyed emerging-market assets.