Brazil CPI Debt Cheapest in 14 Months: Brazil Credit
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The cheapest Brazil inflation-linked bonds in 14 months are prompting Bank of America Corp. and SulAmerica Investimentos to recommend the debt on concern President Luiz Inacio Lula da Silva’s successor will fail to keep consumer prices in check.
The gap between yields on Brazil’s 6 percent inflation- linked bonds due in 2015 and its 10 percent fixed-rate notes maturing in 2014 fell to 542 basis points, or 5.42 percentage points, today from a 17-month high of 624 on May 6.