BRAZILS STRETCHED RISK PREMIUM MAKES FOR "REAL" LONG OPPORTUNITYBRAZILS RISK PREMUM IS STRETCHED
See "Summary Statistics" in doc below
www.bcb.gov.br
BRL's risk premium (currently highest across EM peers) looks stretched, given a continued pick- up in growth and reducing near-term political risk. COP's recent rally was likely driven mainly by a reversal of heav