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RIO DE JANEIRO, BRAZIL - Uruguayan dollar bonds outperform all of its emerging market peers this year, while the country gives neighbors a lesson on how to fight the pandemic.

Uruguayan bonds have a 14.8% return, more than double the yields of China and Russia, according to the Bloomberg Barclays Emerging Markets Hard Currency Index.

The deaths per capita by Covid-19 in Uruguay, with 3.5 million inhabitants, correspond to . . .

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