They must divine not only ability to repay, but willingness
Tag: attuned
Why investors in emerging-market bonds are so attuned to political risk
PAULO GUEDES might not be your first-choice brother-in-law. He is a close adviser to Jair Bolsonaro, Brazil’s populist president-elect, who is wistful for military rule. But if you invest in emerging-market government bonds, Mr Guedes is the sort of person you might want as economy minister, the post he will take up on January 1st. […]
