Brazil’s tight runoff nears as hedging costs surge and asset bets face a test

Bloomberg reports hedging costs surged as investors grew nervous ahead of Brazil’s presidential runoff. It says Wall Street strategists recommended buying Brazilian assets after Flávio Bolsonaro emerged as the frontrunner in a race it describes as too close to call. The Buenos Aires Herald says the winner will face a heavy fiscal burden alongside signs of slowing growth in 2027.