Brazil leads as credit risk in Latam region recedes
- Brazil’s 5-yr sovereign CDS spread has tightened to its lowest level since last August
- Peru, Chile and Colombia have all seen a 35% tightening in sovereign credit spreads
- Markit iBoxx USD Emerging Markets Corporates LatAm Index has returned 7.7% this year
Credit markets reacted positively after Brazil’s congress voted in favour of impeaching
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