Big money investors need to get in on Brazil's local currency bonds -- and soon -- or it is over for the rest of the year. The Brazilian Central Bank cut the benchmark interest rate by 75 basis points to 12.25% on Wednesday in line with market consensus forecasts. This is the fourth cut in a row, bringing interest rates from 14.25% to where they sit today. The Bank said that structural issues and shorter term, cyclical ones were favorable for lower interest rates today and in the foreseeable future. But bond investors who can access the local currency market should buy before rates fall to single digits.

Source: Forbes February 23, 2017 19:29 UTC