“Javier Milei’s dollarization and fiscal austerity proposals overlook the complexities of modern economies, ignore lessons from historical crises, and open the door for accentuating already severe inequalities.”

Le elezioni brasiliane del 2026 potrebbero rappresentare un punto di svolta per i mercati e le politiche del Paese. La gestione fiscale, i tassi di interesse e i rendimenti dipenderanno tutti da chi vincerà. Con l'incertezza sulla ricandidatura di Lula e l'assenza di un chiaro successore di Bolsonaro tra i conservatori, la partita è ancora tutta da giocare.

April 11, 2025: Recent market developments have added selling pressure to credit markets and brought renewed attention to the behaviour of European, US and emerging market government bonds, as well as overall liquidity conditions. Changes in investor sentiment, driven by global trade uncertainty, geopolitical tensions, rate volatility, and safe-haven dynamics, have influenced fixed income markets. Our experts have compiled a breakdown of current trends in corporate bonds, European, US and emerging market rates, investor reactions, and broader liquidity considerations.