The risks of betting on Mexico, with its staunchly leftist government, and Brazil, which is run by a hard-right administration, are more even now than they have been for six years – according to traders in credit default swaps (CDS).
Risk premia for both countries have improved in 2019, but the advantage Mexico once enjoyed over Brazil has narrowed, due to a blend of rhetoric, results and expectations about their two presidents as they approach nearly a year in power, analysts say.
Brazil Energy Insight 
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