Founder & Head of Research, Fortress Hill Advisors

Alex Ng

Founder & Head of Research

Fortress Hill Advisors

Founded in Hong Kong in 2019, Fortress Hill Advisor seeks to provide premium economic and financial researches.

Premium Economic & Investment Research

Macroeconomics

<ul>
<li>Brazil debt market has two domestic crises including inflation and fiscal policy, rather than a spillover from the U.S. </li>
<li>Restrictive BCB policy helps produce some disinflation, which allows some rate cuts in H2. Brazil risk premium will likely be reduced latter in the year if a narrower bond spread. </li>
<li>However, Brazil crisis over fiscal policy would not be fixed, which is the 2 precondition for a more dramatic narrowing of bond spreads versus the U.S.  </li>
</ul>


Brazil debt market has two domestic crises including inflation and fiscal policy, rather than a spillover from the U.S. 
Restrictive BCB policy helps produce some disinflation, which allows some rate cuts in H2. Brazil risk premium will likely be reduced latter in the year if a narrower bond spread. 
However, Brazil crisis over fiscal policy would not be fixed, which is the 2 precondition for a more dramatic narrowing of bond spreads versus the U.S.  


Brazil Risk Premia