Bonds Lag Behind Regional Peers on Spending: Brazil Credit
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Brazil is trailing all major Latin American countries in the dollar bond market this year for the first time since 1997 amid concern President-elect Dilma Rousseff will fail to slow spending growth.
The 8.4 percent return on Brazilian bonds this year is the lowest among the eight countries in the region tracked by JPMorgan Chase & Co.’s EMBI+ index. Argentine bonds gained 31 percent, the biggest advance in the region.