Brazil rallies as Petrobras fixes date for results

April 14, 2015 9:00 PM

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NEW YORK, April 14 (IFR) - News of a firm date to sign off on Petrobras's audited results sparked a rally in Brazilian bonds on Tuesday and set a positive tone for the rest of Latin America's credit markets.

Bond spreads for the Brazilian state-controlled oil company closed off their tights but some 10bp-20bp stronger on the day, with the 2024s and 2044s around 440bp-435bp and 455bp-450bp.

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