U.S. bankers expect a revival of Latin America's leveraged debt markets, thanks in part to the $41.5 billion bailout package for Brazil.

Though spreads on sovereign debt for countries such as Brazil and Argentina remain at double-digit levels, they have narrowed in recent weeks. At the end of Thursday the J.P. Morgan emerging market bond index indicated a spread of 10.7 percentage points, compared with 12 a month earlier.

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