Real-Tied Notes Gain as Brazil’s Currency Surges

Individual investors are buying record amounts of bullish U.S. structured notes tied to the Brazilian real, the best-performing currency against the dollar over the last two months.

Banks from Goldman Sachs Group Inc. to Deutsche Bank AG sold $73.5 million of securities that gain when the real appreciates against the dollar, according to data compiled by Bloomberg. That’s the most for any similar period since at least 2010, Bloomberg data show.

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