Brazil's 18% Bond Returns Shield Banks From Worst of CrisisBy
Government bonds help Itau, Bradesco weather credit slowdown
Prop trading, asset-liability management revenue surges 30%
The highest interest rates in nine years are boosting returns on Brazil’s government bonds, helping Itau Unibanco Holding SA and Banco Bradesco SA weather the nation’s economic crisis and a slowdown in demand for loans.
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