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(Bloomberg) -- As the spike in U.S. Treasury yields turns bond trading screens red worldwide, two countries in particular face a stormy year ahead -- Brazil and Colombia.
The IMF said it has economic and legal concerns regarding the move by El Salvador to make Bitcoin a parallel legal tender, further clouding the outlook for an IMF-backed programme and widening spreads on the country's bonds.
Political turmoil across the region can be seen as the opening salvo in an anti-establishment push after the pandemic hit Latin America and exacerbated inequality like nowhere else.
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Mexico vs Brazil - Populist presidents confound investors Rodrigo Campos Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer ADRIANO MACHADO/Reuters When a left wing populist and a far-right lawmaker rose to power in Latin America’s two largest economies, investors thought they knew who was going to show them the money. But more than two years and a costly pandemic later, disillusioned investors...
Analysis: Mexico vs Brazil: Populist presidents confound investors Reuters 1 hr ago By Rodrigo Campos © Reuters/EDGARD GARRIDO FILE PHOTO: Mexico's President Andres Manuel Lopez Obrador gestures as he speaks during a news conference at the National Palace, Mexico City By Rodrigo Campos NEW YORK (Reuters) - When a left wing populist and a far-right lawmaker rose to power in Latin America's two largest economies, investors thought they knew who was going to show them the money. But more than two years and a costly pandemic later, disillusioned investors are now busy shift...