🇧🇷 Brazil's 10Y bonds just spiked +275bps in ONE DAY to ~16%. The real tanked 12% vs USD. Treasury literally cancelled bond auctions this week.
Lula's reelection triggered a full-blown debt crisis. Market's pricing in fiscal disaster. This is what happens when investors lose faith in sovereign credit.
Emerging market contagion risk is real. Watch for spillover into crypto as LatAm capital looks for exits. $BTC could catch flows if this escalates.
Lula's reelection triggered a full-blown debt crisis. Market's pricing in fiscal disaster. This is what happens when investors lose faith in sovereign credit.
Emerging market contagion risk is real. Watch for spillover into crypto as LatAm capital looks for exits. $BTC could catch flows if this escalates.
