Sunday, June 10, 2007

Brazil's Bond Market Hampered by Tax and Other Structural Issues, BIS Says

(Bloomberg) -- Brazil government debt market
trading volume hasn't kept up with Mexico and is a fraction of
U.S. Treasury domestic activity because of tax and other
structural problems, the Bank for International Settlements
said.

Daily trading volume for Brazil's debt equals 1 percent to
2 percent of total debt outstanding, the Basel, Switzerland-
based bank said in a quarterly review. By comparison, U.S.
government trading is 14 percent of outstanding debt, and
Mexican is about 4 percent.


Read more at Bloomberg Bonds News

No comments: