Brazil’s World-Beating Bonds Still at Mercy of Corruption Probe

  • Country’s local bonds have returned 46% in dollars this year
  • Three Temer appointees have already stepped down amid probe

Yet despite all the optimism, Acting President Michel Temer still confronts many challenges.

Photorapher: Evaristo Sa/AFP via Getty Images

Brazil has just roared back in the bond market. But to some market watchers, the nation still remains far too vulnerable to its unpredictable politics.

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