Brazil's bond market could be an ‘oasis’ for some investors as Trump ramps up tariff threats

Brazil's government bonds could become an "oasis" for some investors, analysts told CNBC, particularly as global trade tensions fester.

The bond market of Latin America's largest economy is driven more by idiosyncratic factors such as fiscal policy and inflation outlook rather than by global sentiment, said Viktor Zvabo, investment director on the emerging markets debt team at abrdn. 

Brazil's 10-year government bond yield currently stands at 15.267%, marking a more than 40% jump compared to a year ago, data from LSEG showed.

"Brazil offers one of the highest real rates of all government bond markets," Zvabo said.

Its yields are significantly higher compared to other emerging market counterparts. For example, yields on Chile's 10-year government ...
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