Brazil 3 month bill

[lasner]

What's going on with Brazil's interest rates. Look at the three month bill....9.21 percent interest. Is that right??

 

[Daal]

Inflation is 5% and the central bank is hawkish in terms of the needed level of real interest rates

 

[lasner]

That's a good rate though...especially if you are in the U.S. where the same bill is .15

 

[Martinghoul]

Quote from lasner:

That's a good rate though...especially if you are in the U.S. where the same bill is .15

You should go for it then... If your looking for good rates, you might also wanna check out Greek paper.

 

[lasner]

There is currency risk....

 

[hoodooman]

I looked for a brazilian treasury note etf. Couldn't find one.

 

[lasner]

What's the difference

 

[lasner]

I think I may go for it. My money is being eaten away in the U.S. I do have to take on currency risk.

 

[SomeYoungGuy]

How would one hedge away the currency risk? I have a feeling the hedge eats up all of the potential gain.

And how does an individual investor buy Brazilian bills in the first place?

 

[lasner]

Quote from SomeYoungGuy:

How would one hedge away the currency risk? I have a feeling the hedge eats up all of the potential gain.

And how does an individual investor buy Brazilian bills in the first place?

Good question...How to hedge the risk? You buy them from your broker...through your TD ameritrade account or whoever you use