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Brazil negative basis turns positive

|Includes:BOBS, BRAF, BRAQ, BRAU, BRAZ, BRF, BRFS, BRP, BRXX, BSBR, BZF, Brazilian Equity Fund, Inc. (The) (BZL), CBD, ERJ, EWW, FXM, MXE, MXF, NMXC, OIBR, SMK, TMX, UMX, WMMVF

Brazil just saw a 3-year average small negative basis turn positive amid the current low/falling interest rate environment.



Disclosure: long all stocks