Brazil vs Argentina: Which is the better bet for bondholders?

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Argentina and Brazil are experiencing contrasting fortunes, with the former mired in political turmoil and the latter benefiting from a positive economic environment. But there may be more than meets the eye when it comes to assessing which offers the most attractive investment opportunities.

Historically, the old adage “When America sneezes, the rest of the world catches a cold” might justifiably have included the suffix “but Latin America suffers worst of all”. As most economies on the

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