BRL: Rebalancing risks build as carry crowded – BNY

BNY’s Geoff Yu highlights that Brazilian assets, including the BRL and IBOVESPA, have attracted strong inflows in February 2026, leaving total exposure stretched.

BRL: Rebalancing risks build as carry crowded – BNY
BNY’s Geoff Yu highlights that Brazilian assets, including the BRL and IBOVESPA, have attracted strong inflows in February 2026, leaving total exposure stretched.

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