Why is Brazil's yield curve(3months to 10 years maturity) higher compared to the US? What does it say with regards to market expectation?

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter20: The Global Economy
Section: Chapter Questions
Problem 18AA
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Why is Brazil's yield curve(3months to 10 years maturity) higher compared to the US? What does it say with regards to market expectation?

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