Brazilian credits up on Petrobras hopes

April 14, 2015 2:52 PM

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NEW YORK, April 14 (IFR) - Latin American credits began Tuesday mixed, with the Brazilian sovereign and Petrobras outperforming on hopes that the oil giant will publish audited financial statements this month.

Brazil's credit default swaps were quoted some 17bp tighter in early trading at 235bp mid-market, while cash bonds were up by one point, slightly underperforming, according to a sovereign bond trader in New York.

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