From Date: u, ar , at : Subject: =RL Trade Idea To: Cc: - . Itojeevacation @gmai Icon> )" <jeevacation @gmai Icom>, The spread between Brazilian Government yields and =etrobras has blown out from 100bps in June '15 to around =00bps today for their USD bonds. Our view is that the government =ill backstop

"Jeffrey Epstein ([email protected] <mailto:[email protected]=> )" [email protected]>, Ba=rett Team <mailto Brad The spread between Brazilian Government yields and P=trobras has blown out from 100bps in June '15 to around 500bps today for their USD bonds. Our view is that the government will backst