Figure is
from BofA, suggesting the relative play of paying the steepening and selling
USDBRL. I like both the steepening and the long USDBRL, but what I found
interesting is that my intuition was in the other direction. I thought the BRL was more distorted than the CDI
O Jan15 hoje é o "mesmo" Jan15 no início de 2013?
ReplyDeleteRefiz para mesma maturity e deu muito parecido. Se plotar contra o CDS dá parecido também. Short usdbrl?
ReplyDelete