Tuesday 28 April 2015

Otmane El Rhazi : Petrobras, Vale underperform in quiet market

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Brazilian corporates including Petrobras and Vale extended losses on Tuesday, as investors sought to lock in profits after the recent rally in Latin American credits. "As far as we understand, people are just hitting bids and getting out of stuff that had rallied a lot," said a corporate bond trader in New York.

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