Brazil Impeachment Euphoria Is Blinding Bond Traders to Risk

  • More than 60% of Brazil companies may have ratings cut: S&P
  • Lawmakers will hold final vote to oust Rousseff this week

Dilma Rousseff.

Photographer: Victor J. Blue/Bloomberg

The finances of Brazilian companies are deteriorating quickly, yet their bonds are handing investors some of the most impressive returns in emerging markets.

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