Real-Linked Bond’s 13% Wipeout Hits Foreigners

Real-Linked Bond’s 13% Wipeout Hits Foreigners

Dado Galdieri/Bloomberg

Investors are fleeing Brazil’s $6.4 billion market for overseas real bonds after the real sank 6.5 percent in May, the most among developing nations after South Africa’s rand and part of a global selloff sparked by concern the Federal Reserve could trim its bond buying.