Brazil's 18% Bond Returns Shield Banks From Worst of Crisis

Updated on
  • 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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.