Macroeconomy/Finance

Brazil country risk returns to 100 points with fears about coronavirus

The crash in yesterday’s global markets took the spread of the 5-year Credit Default Swap (CDS) contract to Brazil, a measure closely accompanied by country risk, which was again traded at 100 points, according to data compiled by Markit.This morning, the CDS spread operated at 100 points, from 93 at the end of Friday, even at the lowest levels in more than ten years. The 7.3% increase is in line with that of other emerging markets, such as Mexico (7.1%), Colombia (7.8%) and Russia (7.0%).

Source: Valor Investe

Categories: Macroeconomy/Finance

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