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Brazil Traders Ramp Up Hedges Ahead of Tight Election Runoff

Bloomberg Markets Tuesday 20 October 2026, 15:02 UTC By Barbara Nascimento and David Marino 1 min read
Key Points

Brazil Traders Ramp Up Hedges Ahead of Tight Election Runoff Investors are ramping up hedges ahead of Brazil’s presidential runoff as polls point to a tight race between right-wing candidate Flávio Bolsonaro and the incumbent President Luiz Inácio Lula da Silva. One-month risk reversals on the real — which reflect the premium options traders are willing to pay to protect against a weaker currency — climbed to 9%, the highest since 2011.

Brazil Traders Ramp Up Hedges Ahead of Tight Election Runoff Investors are ramping up hedges ahead of Brazil’s presidential runoff as polls point to a tight race between right-wing candidate Flávio Bolsonaro and the incumbent President Luiz Inácio Lula da Silva. One-month risk reversals on the real — which reflect the premium options traders are willing to pay to protect against a weaker currency — climbed to 9%, the highest since 2011.
Brazil (LOCATION) Hedges Ahead (PERSON) Tight (ORG) Tight Election Runoff Investors (ORG) Flávio Bolsonaro (PERSON) Luiz Inácio (PERSON) Lula da Silva (PERSON)
Originally published by Bloomberg Markets Read original →

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