LatAm bond rally loses steam as investors take profits

April 15, 2015 9:31 PM

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NEW YORK, April 15 (IFR) - A recent rally in Latin American credits was showing signs of fatigue on Wednesday, as investors took profits in Brazil and remained sidelined in Venezuela despite a run-up in oil prices.

Brazilian state-run oil company Petrobras's 2024s and 2044s were closing some 20bp wider in spread terms to end the day at 455bp-450bp and 470bp-465bp respectively.

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