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. https://t.co/VLtALSCU3X pic.twitter.com/OmSum6vZmK — The Kobeissi Letter (@KobeissiLetter) October 26, 2026 Bolsonaro won the first round of the elections, odds of … Read more