IMF sees signs of Brazil contagion on bond market

US - The signs of bond market contagion from political uncertainty in Brazil developed in emerging bond markets in the second quarter of the year, according to an International Monetary Fund report published Thursday.

"The favourable climate for emerging markets financing that characterised the first quarter of 2002 deteriorated in the second quarter.

"Signs of contagion surfaced, especially towards the end of the second quarter, as movements in emerging bond markets became more correlated with

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