LatAm credit take back some gains on profit-taking

April 7, 2015 3:28 PM

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NEW YORK, April 7 (IFR) - Latin American credit markets were taking a breather Tuesday as crude gave back some gains and investors awaited further evidence that Brazilian oil company Petrobras would deliver its audited results in coming weeks.

Petrobras's 2024s and 2044s were both starting the day in the high 400s, or a touch tighter, while a rally in the sovereign had stalled somewhat as investors took some profits.

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