Latin American Refuge Found in Dominican Republic Bonds: ChartBy
The Dominican Republic’s local bonds have provided a haven from the rout in Latin American government notes. The securities have returned about 9 percent in the past year when measured in dollars, compared with losses of more than 30 percent for bonds from Brazil and Colombia. The stability of the Dominican peso -- it lost just 1.7 percent in that span as an index for regional currencies tumbled 24 percent -- has protected overseas investors.
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