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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (15778)	3/23/2007 3:59:26 AM
From: elmatador	Respond to of 217588

Investors' aversion to Brazil's sovereign debt risk reached a record low level on Thursday after an upward revision in the country's GDP and a dovish statement by the U.S. Federal Reserve on the previous day. Brazil's risk spreads hit all-time low on GDP, Fed Thu Mar 22, 2007 11:58am ET NEW YORK, March 22 (Reuters) - Investors' aversion to Brazil's sovereign debt risk reached a record low level on Thursday after an upward revision in the country's GDP and a dovish statement by the U.S. Federal Reserve on the previous day. Yield spreads between Brazil's sovereign bonds and U.S. Treasury notes, an important measure of risk aversion, tightened 7 basis points to an all-time low of 171 basis points on JP Morgan's EMBI+ index <11EMJ>. The previous record had been on Feb. 22, when spreads closed at 176 basis points according to the EMBI+.