Lula wins. Brazilian stocks plunge 17%. Currency sinks 12%.

Brazil's 10Y Government Bond Yield is now pushing 16%!
That's a +300 basis point gain in a single day.
That would be like US mortgage rates going from 7% to 10% in a single day.
[Read more...][pic.twitter.com/OmSum6vZmK]— The Kob
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