Fynsa
Brazil's USD fixed income market is not simply experiencing turbulence: it is approaching a structural change that could redefine the country's access to international capital markets.
Macroeconomic improvements, a commitment to fiscal sustainability and an eventual pro-market and fiscally more austere policy shift open room for a revaluation in credit instruments.
The lower the correlation between assets, the lower the risk. And if well managed, this can lead to better returns with an acceptable level of risk.
