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Brady bond |
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Brady bond. These bonds of Latin American countries, named for former US Secretary of the Treasury Nicholas Brady, are issued in US dollars and backed by US Treasury zero coupon bonds. The bonds were originally issued in exchange for commercial bank loans that were in default. Their changing prices in the secondary market reflect the level of confidence investors have in the economies of the issuing nations. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Brady Bonds are some of the most liquid emerging market securities. Brady Bonds are some of the most liquid emerging market securities. Brady Bonds are some of the most liquid emerging market securities. |
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