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Brazil’s 10-year government bond yield rose to around 12.94%, up from the two-year low of 12.60% reached on October 5th, as bonds came under pressure amid a narrowing lead for Flávio Bolsonaro over President Lula in runoff polls. Recent surveys reinforced the perception that the incumbent has gained momentum in recent
The Nasdaq rose to a fresh high, while Brazilian assets logged historic gains after Flavio Bolsonaro's strong first-round showing in Brazil's presidential election. The column also noted a stronger dollar, higher U.S. yields and a weaker euro.