Rousseff Is Lula to Bond Market as Vote Nears: Brazil Credit
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Brazilian bonds are posting their longest streak of monthly gains since President Luiz Inacio Lula da Silva was elected in October 2002 as investors bet his successor will preserve policies that are fueling the fastest economic expansion in two decades.
Dollar-denominated bonds sold by the South American country have returned 2 percent in September, the eighth straight monthly advance, according to JPMorgan Chase & Co. Brazilian debt is outperforming emerging-market bonds, which are up 1.8 percent, according to JPMorgan’s EMBI+ index.