Mounting speculation that Brazil President Dilma Rousseff will be impeached is making it cheaper for the cash-strapped nation to borrow.
At a local bond auction Thursday, Brazil sold 1.5 billion reais ($415 million) of notes due in January 2020 to yield 14.1 percent, the lowest since August. A week earlier, the government issued 3.85 billion reais of fixed-rate debt due in 2023 and 2027 in the biggest sale of the securities since May. Yields on similar bonds due 2025 have plunged 2.8 percentage points since September.
Brazil Energy Insight 
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