What a great long term buy. Olympics/World Cup around the corner, gov't has to spend on infrastructure + a 4.65% annual yield! Yes, it's only returned 2% this year but that will improve and add in the yield..5-7 years down the road this is a easy winner.
Agree on this being an excellent long-term holding. Even if the Olympics/World Cup weren't coming up, Brazil is in serious need of infrastructure improvement -- and its leadership knows it. Growth for Brazil (and other resource-rich nations) will continue apace. The global economy will hit speed bumps, but the upward trajectory will remain the same. Meanwhile, you get paid a dividend to wait for the inevitable price gain as the market sees the capital appreciation over time.