RIO DE JANEIRO, BRAZIL - President Jair Bolsonaro celebrated the drop in country risk to its lowest level since 2013 on his Twitter profile.
On Friday, September 13th, Brazil's five-year Credit Default Swap (CDS) contract, which acts as a benchmark for country risk, operated at 118 points, its lowest level since May 2013, according to IHS Markit's quotes.
The CDS is a financial contract that operates as a type of insurance against default by investors.
"Country risk has dropped to its lowest level since 2013. Good news keeps coming in. Little by little, with everyone's help, we . . .