The extra yield investors demand to own Brazilian bonds instead of U.S. Treasuries narrowed 1 basis point, or 0.01 percentage point, to 169, according to JPMorgan Chase & Co.
“Brazil’s medium-term growth trajectory is likely to remain relatively robust due to its domestic demand dynamics, which are underpinned by the country’s economic diversity, a large and growing middle class and a positive investment cycle,” Shelly Shetty, an analyst at Fitch, said in a statement.
To contact the editor responsible for this story: Lester Pimentel at lpimentel1@bloomberg.netBrazil Dollar Bonds Gain as Fitch Raises Rating to BBB From BBB-
"April 04, 2011, 11:49 AM EDT"
