LatAm credits drift higher in well-bid market

April 13, 2015 9:30 PM

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NEW YORK, April 13 (IFR) - Latin American credits were ending the day mixed but largely well bid, as the region's debt prices drifted higher alongside oil and US Treasury markets.

In the corporate space, Brazilian miner Vale was among the underperformers, with the company's bonds widening by as much as 10bp after S&P said it might downgrade the credit and other global miners over the next two to three weeks.

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