Tuesday, February 25, 2014

BRL or CDI Steepening?

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

2 comments:

  1. O Jan15 hoje é o "mesmo" Jan15 no início de 2013?

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  2. Refiz para mesma maturity e deu muito parecido. Se plotar contra o CDS dá parecido também. Short usdbrl?

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