October 29, 2018 / 12:03 PM / 21 days ago

Brazil 5-year CDS dips after Bolsonaro election win

LONDON, Oct 29 (Reuters) - The cost of insuring exposure to Brazil’s sovereign debt fell slightly by four basis points on Monday, following the election victory of Jair Bolsonaro.

Brazil’s five-year credit default swaps (CDS) tightened to 204 bps from Friday’s closing price, according to data from IHS Markit. (Reporting by Tommy Reggiori Wilkes, Editing by Abhinav Ramnarayan)

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