Brazil Sells Bonds

Brazil sold $500 million of bonds Tuesday priced to yield 8.83 percent, 4.58 percentage points more than US Treasuries of similar maturity. The bonds mature in 2019. Emerging-market bonds have rebounded from their slide in late March as concern has eased that higher rates in the US will crimp demand for debt from emerging markets. Including Tuesday’s sale, Brazil has raised $4.9 billion of the $6 billion it plans to sell in international bond markets this year.